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September 01, 2020 1:37pm
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Higher open on potential dialogue with North Korea

The possibility of talks between the United States and North Korea lifted the markets to a higher open with the Dow climbing 91 points to 24,965. Nasdaq gained 36 points to 7366.


On the upside


Baozun (Nasdaq: BZUN) reported sharply higher fourth quarter earnings that topped expectations.


Cien (NYSE: CIEN) reported a smaller than expected loss for the first quarter.


Clearside Biomedical (Nasdaq: CLSD) enrolled the first patient in a Phase 3 clinical trial of suprachoroidal CLS-TA to treat macular edema associated with Retinal Vein Occlusion.

On the downside


Profit taking weighed down shares of Welltower (NYSE: HCN).


YY (Nasdaq: YY) reported higher fourth quarter earnings and revenue but the stock price fell.


Fourth quarter earnings for Target (NYSE: TGT) fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 10 points to 2,730. Bitcoin plummeted $562 to $10,994.


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