Mixed close as investors eye Hurricane Irma

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The markets closed mixed with the Dow losing 22 points to 21,784 as the nation braces for Hurricane Irma. Nasdaq added 4 points to 6,397.


On the upside


Amcor is reportedly exploring a possible acquisition of Bemis (NYSE: BMS).


Guidewire Software (NYSE: GWRE) impressed with sharply higher fourth quarter earnings and revenue that surpassed analyst expectations.


AbbVie (NYSE: ABBV) reported positive results from a Phase 2b study of upadacitinib to treat moderate to severe atopic dermatitis.

 

On the downside


Insurers Aspen Insurance Holdings (NYSE: AHL), Everest Re Group (NYSE: RE) and Validus Holdings (NYSE: VR) all fell as Hurricane Irma approached Florida.


ABM Industries (NYSE: ABM) disappointed with third quarter earnings that fell short of expectations.

 

Comcast (Nasdaq: CMCSA) warned of significant subscriber losses in the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 held steady at 2,465. Bitcoin added $3 to $4,585.


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This page contains a single entry by published on September 7, 2017 1:34 PM.

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