Nasdaq Bounces as Activision Levels Up, Caesars Sees Casino Boom Ahead
Stocks were generally mixed on Wednesday morning, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) was able to provide at least a modest bounce after a big drop on Tuesday. As of 11 a.m. EDT, the Nasdaq was up about half a percent, as investors got a little more comfortable with the idea that growth stocks might not suffer huge declines after their big gains over the past year.
Earnings continue to provide some upward momentum for some Nasdaq stocks, and today's beneficiary was video game giant Activision Blizzard (NASDAQ: ATVI). In addition, economic reopening themes are helping some industries, and Caesars Entertainment (NASDAQ: CZR) saw an upward surge on hopes that the casino resort business will be back in full force before 2021 is done.
Shares of Activision Blizzard were up more than 4% on Wednesday morning. Investors reacted positively to news of the video game company's most recent quarterly results.
Source Fool.com
