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September 01, 2020 1:26pm
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Higher open as crude oil continues rising

The markets opened higher with the Dow climbing 80 points to 20,885 as crude oil prices continued to rise. Nasdaq gained 30 points to 6,113.


On the upside


First quarter earnings surged for Cheetah Mobile (NYSE: CMCM).


Nutanix (Nasdaq: NTNX) announced the private cloud deployment of SAIC Volkswagen.


The Blackstone Group (NYSE: BX) partnered with Saudi Arabia's Public Investment Fund to raise $40 million for infrastructure investment.


On the downside


Shares of Banco Bradesco (NYSE: BBD) and Petrobras (NYSE: PBR) extended its losses.


Graphic Packaging Holding (NYSE: GPK) stock fell for the fifth day.

Profit taking weighed down shares of Quorum Health (NYSE: QHC).


The broader S&P 500 gained 8 points to 2,389. Bitcoin leaped $146 to $2155.


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