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September 01, 2020 1:37pm
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Concerns about GOP tax bill weighs down markets

Concerns about the GOP tax bill weighed the markets down to a lower open with the Dow slipping 15 points to 23,542. Nasdaq lost 3 points to 6,764.


On the upside


Third quarter earnings surged for Match Group (Nasdaq: MTCH) as revenue climbed.


Planet Fitness (NYSE: PLNT) reported higher third quarter earnings and revenue that surpassed analyst expectations.


Take-Two Interactive Software (Nasdaq: TTWO) fell to a loss for the second quarter but the company forecast better than expected revenue for the current quarter and lifted its full year revenue guidance.

On the downside


Wix (Nasdaq: WIX) widened losses more than expected for the third quarter.


Snap (NYSE: SNAP) disappointed with a significantly wider loss for the third quarter.


Tesaro (Nasdaq: TSRO) reported a loss for the third quarter.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 2,588. Bitcoin rocketed $448 to $7,528.


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