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September 01, 2020 1:37pm
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Gain in consumer confidence lifts markets

Consumer confidence rose more than expected in October to lift the markets to a higher close with the Dow adding 28 points to 23,377. Nasdaq climbed 28 points to 6,727.


On the upside


Apptio (Nasdaq: APTI) narrowed third quarter losses more than expected on record revenue.


Harmonic (Nasdaq: HLIT) narrowed losses for the third quarter and signed a global patent licensing agreement with Avid.


Third quarter earnings surged for Trex (NYSE: TREX) as revenue climbed.

On the downside


AK Steel (NYSE: AKS) fell to a loss for the third quarter.


Third quarter earnings for Nautilus (NYSE: NLS) fell short of expectations.


Sanmina (Nasdaq: SANM) disappointed with sharply lower fourth quarter earnings that missed estimates and forecast first quarter results below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2,575. Bitcoin rocketed $283 to $6,360.


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