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September 01, 2020 1:37pm
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Mixed close even as productivity rises

The markets closed mixed with the Dow losing 39 points to 24,140 despite a strong gain in worker productivity. Nasdaq rose 14 points to 6,776.


On the upside


Vera Bradley (Nasdaq: VRA) reported better than expected earnings for the third quarter.


AeroVironment (Nasdaq: AVAV) reversed year ago losses to post an unexpected profit for the second quarter.


Immunomedics (Nasdaq: IMMU) reported positive updated data from a Phase 2 study of sacituzumab govitecan.


On the downside


Muddy Waters has taken a short position on OSI Systems (Nasdaq: OSIS).


Investors locked in profits on Valhi (NYSE: VHI).


Bill Barrett (NYSE: BBG) price its public offering of 21 million shares at the discounted price of $5.00 per share.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,629. Bitcoin tumbled $194 to $13,483.


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