Markets Close Higher Despite Trade Dispute With China

On the upside 

Zoom Technologies (Nasdaq: ZOOM) announced that its recent acquisition Gold Lion swung to a profit.

American Capital (Nasdaq: ACAS) reported a $16 million gain from the sale of a portfolio company.

Bank of America analyst Shaun Kelley upgraded Las Vegas Sands (NYSE: LVS) citing the possibility of an IPO in Macau.

On the downside

Chevron selected KBR (NYSE: KBR) for a $2.33 billion energy project in Australia.

Sonic Automotive (NYSE: SAH) will offer approximately 9 million shares of common stock.

Alexza Pharmaceuticals' (Nasdaq: ALXA) migraine treatment AZ-104 failed a mid stage clinical trial.

In the broad market, advancing issues decliners by a margin of nearly 2 to 1 on the NYSE and by a margin of 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added 6 points to 600.