RTTNews | Sep 4, 2020 04:45PM EDT

04:45 Friday, September 04, 2020

|BEGINSUB|Asian Shares Fall After Wall Street Sell-off|ENDSUB|Asian stocks ended notably lower on Friday after Wall Street saw its biggest sell-off since June due to a steep decline in tech shares amid concerns about excessive valuations in the sector.

|BEGINSUB|European Markets Close Lower As Tech Sell-off, Virus Concerns Hurt Stocks|ENDSUB|Despite recovering from early lows and staying in positive territory till about a couple of hours past noon, European stocks drifted down and ended sharply lower on Friday.

|BEGINSUB|U.S. Stocks Stage Significant Recovery Attempt But Still Close Lower|ENDSUB|After extending yesterdays sell-off early in the session, stocks staged a significant recovery attempt over the course of the trading day on Friday. The major averages climbed well off their worst levels of the day but still finished the session in negative territory.

|BEGINSUB|HHS Announces Details Of $2 Bln Provider Relief Fund To Nursing Homes |ENDSUB|The U.S. Department of Health and Human Services or HHS announced details of the performance-based incentive payment distribution to nursing homes from a $2 billion Provider Relief Fund or PRF. This distribution is the latest update under the previously announced $5 billion in planned support to nursing homes struggling with the impact of the coronavirus pandemic.

|BEGINSUB|Stock Alert: Bloomin Brands Rises 6% |ENDSUB|Shares of Bloomin Brands Inc. are gaining more than 6 percent or $17.36 in Fridays morning trade at $17.36 despite the absence of any specific news that could influence the stock.

Tampa, Florida-based Bloomin Brands is an operator of casual, upscale casual, and fine dining restaurants. The company is the owner of the Outback Steakhouse.

|BEGINSUB|Stock Alert: PayPal Holdings Falls 6% |ENDSUB|Shares of PayPal Holdings Inc. (TS:PYPL) are losing more than 6 percent or $12.37 in Fridays morning trade at $192.62.

San Jose, California-based PayPal operates as a technology platform and digital payments company. PayPal has benefited in recent months as consumers increasingly shifted to online payments and e-commerce during the coronavirus-induced lockdowns.

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