Stock market news for September 1, 2020

Stock market news

“Dow Jones Industrial Average rises 215 points
The Dow gained 215.61 points, or 0.8%, to close at 28,645.66. The S&P 500 climbed 0.8% to 3,526.65. The Nasdaq Composite advanced 1.4% to 11,939.67. Stocks kicked off a historically tough month on the right foot, building on the strong gains from August. The S&P 500 and the Nasdaq Composite both hit records again.

Manufacturing data tops estimates
The Institute for Supply Management said its manufacturing PMI came in at 56 for August, a 19-month high, as new orders hit their highest level since 2004. “As the economic recovery continues, I think you will see a broadening of the stocks participating in this rally,” said one strategist.

Apple and Walmart jump, Tesla falls
Apple closed 4% higher after a slew of analysts hiked their price target on the stock. Walmart jumped 6% after the retailer announced it will launch a membership program later in September. Tesla slid 4% after the company said it will sell up to $5 billion in stock.”

Stock market data: CNBC

Stock market volatility

The CBOE Volatility Index (VIX) closed at 26.12-0.29 (-1.10%).

Stock movers

Zoom Video Communications, Inc. (ZM) gained more than 40% with a stock price at the close of 457.69+132.59 (+40.78%).

Stock gainers

Jounce Therapeutics Inc. (JNCE): 7.53,+ 2.69 +55.58%
Gogo Inc. (GOGO): 7.37, +2.23 +43.39%
Zoom Video Communications Inc. (ZM): 457.69,+ 132.59 +40.78%

Stock losers

Apex Global Brands Inc. (APEX): 0.59, -0.24 -28.74%
Applied UV Inc. (AUVI): 8.60, -3.00 -25.86%
Neuronetics Inc. (STIM): 4.73 -1.14 -19.42

Most active stocks

Apple Inc. (AAPL): 134.18,+ 5.14 +3.98%
NIO Inc. ADR (NIO): 20.12, +1.09 +5.73%
Eastman Kodak Co. (KODK): 7.30,+ 1.32 +22.07%

Stock market source: WSJ

Stock Market, U.S. Sectors & Industries Performance

Materials was the best performing sector +2.75%, Utilities was the worst performing sector -1.13%.

Stock Market, U.S. Sectors & Industries Performance for September 1, 2020
Stock Market, U.S. Sectors & Industries Performance for September 1, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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