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September 01, 2020 1:37pm
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Mixed close over tax bill concerns

The markets closed mixed with the Dow adding 8 points to 23,557 over concerns that the House may not be able to pass its tax plan. Nasdaq lost 18 points to 6,767.


On the upside


Kindred Healthcare (NYSE: KND) narrowed third quarter losses more than expected.


NeoPhotonics (NYSE: NPTN) reported a smaller than expected loss for the third quarter.


Third quarter revenue surged for Virtu Financial (Nasdaq: VIRT).

On the downside


Selecta Biosciences (Nasdaq: SELB) widened losses for the third quarter as revenue plunged.


Teligent (Nasdaq: TLGT) widened third quarter losses more than expected and lowered its full year revenue forecast.


Five Prime Therapeutics (Nasdaq: FPRX) reported a wider than expected loss for the third quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 eased a fraction to 2,590. Bitcoin climbed $86 to $7,069.


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