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September 01, 2020 1:37pm
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Higher open as crude oil prices rise

Rising crude oil prices lifted the markets to a higher open with the Dow gaining 38 points to 23,995. Nasdaq added 4 points to 7170.


On the upside


Cemex (NYSE: CX) settled a lawsuit filed by the California Sportfishing Protection Alliance that claimed that Cemex discharged polluted stormwater runoff into the Sacramento River.


Rising gold prices lifted shares of Alamo Gold (NYSE: AGI), AngloGold Ashanti (NYSE: AU) and Kinross Gold (NYSE: KSS).


GlaxoSmithKline (NYSE: GSK) withdrew from an auction to buy the consumer health business of Pfizer (NYSE: PFE).

On the downside


Profit taking weighed down shares of Western Digital (Nasdaq: WDC).


Forest City Realty Trust (NYSE: FCEA) will not sell itself and has reshuffled its board.


Goldman Sachs removed Nutanix (Nasdaq: NTNX) from its Conviction Buy list.


In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on the NYSE while decliners edged out advancers by 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,646. Bitcoin slipped $6 to $8,602.


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