Advertisement
Canada markets closed

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7322
    -0.0001 (-0.01%)
     

  • CRUDE OIL

    83.80
    +0.23 (+0.28%)
     

  • Bitcoin CAD

    87,918.65
    +95.22 (+0.11%)
     

  • CMC Crypto 200

    1,389.58
    +7.00 (+0.51%)
     

  • GOLD FUTURES

    2,344.60
    +2.10 (+0.09%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,764.25
    +196.75 (+1.12%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    38,051.16
    +422.68 (+1.12%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Why Casino Stocks Soared This Week to Beat Out the Stock Market

Rich Duprey, The Motley Fool
·2 min read
Why Casino Stocks Soared This Week to Beat Out the Stock Market

Shares of both Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) finished the week in the black, according to data from S&P Global Market Intelligence, while Caesars Entertainment (NASDAQ: CZR) erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days. Sands ended the week up 1.1% from where it closed last Friday after having been down 12% going into the last day of trading, while Wynn was essentially flat after having been down by a like percentage. China has dealt harshly with its citizens to contain new outbreaks of COVID-19, with the Shanghai population of 25 million people absolutely forbidden from leaving their homes, oftentimes not even allowing for deliveries, leading to massive food shortages.

Continue reading