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September 01, 2020 1:37pm
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House must vote again on tax bill, markets close lower

The House passed the tax overhaul plan but will have to take the vote again tomorrow due to technical changes. The markets closed lower with the Dow losing 37 points to 24,754. Nasdaq fell 30 points to 6,963.


On the upside


Shares of Presbia (Nasdaq: LENS) surged on no news.


Darden Restaurants (NYSE: DRI) reported higher second quarter earnings and revenue that topped analyst estimates.


Zimmer Biomet Holdings (NYSE: ZBH) appointed Bryan C. Hanson to the position of president and chief executive officer.


On the downside


Profit taking continued to send shares of Xunlei (Nasdaq: XNET) lower.


Investors locked in profits on Spectrum Pharmaceuticals (Nasdaq: SPPI).


Shares of Glu Mobile (Nasdaq: GLUU) fell for the fourth day.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 8 points to 2,681. Bitcoin collapsed $1,712 to $16,987.


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