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September 01, 2020 1:37pm
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Lower close on soft iPhone X demand

The markets closed lower with the Dow slipping 7 points to 24,746 despite strong retail sales as iPhone X demand disappoints. Nasdaq fell 23 points to 6,936.


On the upside


Shares of Future FinTech (Nasdaq: FTFT) extended its gains.


Bargain hunters lifted shares of Agile Therapeutics (Nasdaq: AGRX).


The Food and Drug Administration granted Fast Track designation to INSYS Therapeutics (Nasdaq: INSY) for its cannabidiol oral solution to treat Prader-Willi syndrome.


On the downside


Investors locked in profits on Qudian (NYSE: QD).


Shares of NQ Mobile (NYSE: NQ) extended its losses.


Cinemark Holdings (NYSE: CNK) director Lee Roy Mitchell sold 174,607 shares of company stock.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on the NYSE while decliners edged out advancers by nearly 6 to 5 on Nasdaq. The broader S&P 500 slipping 2 points to 2,680. Bitcoin rose $51 to $15,725.


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