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September 01, 2020 1:37pm
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Tax plan concerns weigh down markets

Concerns that the GOP tax plan may not pass weighed the markets down to a sharply lower close with the Dow tumbling 100 points to 23,358. Nasdaq lost 10 points to 6,782.


On the upside


Abercrombie and Fitch (NYSE: ANF) reported higher third quarter earnings and revenue that topped analyst estimates.


Third quarter earnings and revenue rose for Shoe Carnival (Nasdaq: SCVL).


Diana Containerships (Nasdaq: DCIX) narrowed losses for the third quarter.

On the downside


Vascular Biogenics (Nasdaq: VBLT) will offer 2.5 million common shares through a public offering.


Shares of Jianpu Technology (NYSE: JT) fell on its first trading day.


Bridgepoint Education (NYSE: BPI) priced its secondary offering of more than 7.5 million shares of common stock.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,578. Bitcoin edged up a fraction to $7,790.


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