Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Disappointing Earnings End Market Rally

Disappointing earnings ended the stock market rally in late afternoon trading with the Dow dropping 82 points to 7886. Nasdaq added 2 points to 1646.

On the upside

SanDisk (NYSE: SNDK) swung to a loss for the first quarter as revenue tumbled but the results topped analyst estimates.

Las Vegas Sands (NYSE: LVS) amended its debt agreements.

Although first quarter earnings for RC2 (Nasdaq: RCRC) slipped, the results surpassed analyst expectations.

On the downside

A jury sided with Hansen Medical in its lawsuit against Luna Innovations (Nasdaq: LUNA) for breach of contract and awarded Hansen approximately $36 million in damages.

Infinera (Nasdaq: INFN) swung to a wider than expected loss for the first quarter as revenue tumbled.

JPMorgan analyst Jamie Baker downgraded Continental Airlines (NYSE: CAL) after the company reported a first quarter loss.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 470.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.