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September 01, 2020 1:33pm
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Lower open as import prices rise

The markets opened lower with the Dow losing 35 points to 25,165 as import and export prices rose. Nasdaq fell 20 points to 7236.


On the upside


MuleSoft (NYSE: MULE) reported sharply higher fourth quarter earnings and forecast full year results ahead of estimates.


Wendy's (Nasdaq: WEN) lifted its quarterly dividend to 8.5 cents per share payable on March 15 to shareholders of record March 1 and announced a stock repurchase plan of $175 million.


Synchronoss Technologies (Nasdaq: SNCR) has closed the sale of $185 million in preferred stock.

On the downside


Arista Networks (NYSE: ANET) reported higher fourth quarter earnings and revenue but the stock price fell.


VF Corp. (NYSE: VFC) fell to a loss for the fourth quarter.


Cogenex (Nasdaq: CGNX) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 4 points to 2,727. Bitcoin lost $56 to $10,043.


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