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September 01, 2020 1:25pm
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Mixed open as investors await tax cut plan

The markets opened mixed with the Dow rising 23 points to 21,020 while Nasdaq eased a point to 6,023 as investors await details of President Donald Trump's tax cut plan.


On the upside


Twitter (NYSE: TWTR) reported better than expected results for the first quarter on impressive user growth.


North Atlantic Drilling (NYSE: NADL) amended the revolving credit facility that was provided by majority shareholders Seadrill (NYSE: SDRL).


Akebia Therapeutics (Nasdaq: AKBA) expanded its partnership with Otsuka Pharmaceutical on the anemia treatment vadadustat to Europe, China and other markets.


On the downside


U.S. Steel (NYSE: X) disappointed with an unexpected loss for the first quarter.


Third quarter revenue fell short of expectations for Seagate Technology (Nasdaq: STX).

Cree (Nasdaq: CREE) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 2 points to 2,390. Bitcoin gained $13 to $1279.


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