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September 01, 2020 10:27am
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Higher close as commodities climb

Rising commodities prices lifted the markets to a modestly higher close with the Dow gaining 33 points to 17,084. Nasdaq climbed 19 points to 4,830.

On the upside

American Airlines (NYSE: AAL) reported a strong 7.2% increase in September total revenue passenger miles.

International Paper (NYSE: IP) will sell its 55% stake in joint venture Shandong Sun Holding Group.

Bargain hunters lifted shares of Yum Brands (NYSE: YUM).

On the downside

Third quarter earnings for Alcoa (NYSE: AA) fell short of analyst expectations as revenue dropped.

Investors locked in profits on Frontier Communications (Nasdaq: FTR).

Profit taking weighed down shares of Genworth Financial (NYSE: GNW).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added a point to 2,014. Bitcoin added $1 to $243.

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