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September 01, 2020 1:26pm
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Higher close as existing home sales unexpectedly rebound

An unexpected gain in September existing home sales lifted the markets to a sharply higher close with the Dow surging 165 points to 23,328. Nasdaq climbed 23 points to 6,629.


On the upside


Shares of uniQure (Nasdaq: QURE) continued to soar.


Xunlei (Nasdaq: XNET) stock extended its gains.


Shares of RISE Education Cayman (Nasdaq: REDU) surged in its market debut.

On the downside


The Securities and Exchange Commission is reviewing Axon Enterprise's (Nasdaq: AAXN) financial reports for fiscal 2016 and for the quarter ended March 31, 2017.


LaSalle Hotel Properties (NYSE: LHO) disappointed with sharply lower third quarter earnings that fell short of expectations.

IberiaBank (Nasdaq: IBKC) reported lower third quarter earnings and announced plans to acquire Gibraltar Private Bank & Trust.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 13 points to 2,575. Bitcoin leaped $241 to $5,964.


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