Stock Markets Rise; Time to Bet on Sports Betting Stocks?
The stock market has whipsawed investors lately, with up days often following down days, and vice versa. Market participants remain stymied by all the factors they have to consider right now, including the November elections, the coronavirus pandemic, the economic recession, and the ever-changing views on fiscal and monetary policy.
All of those issues are creating uncertainty, but investors set those concerns aside early Friday. Just before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 70 points to 26,885. The S&P 500 (SNPINDEX: ^GSPC) had gained 12 points to 3,259, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 91 points to 10.764.
Sports betting stocks found themselves in the spotlight on Friday. One company has become an acquisition target, and the potential for a bidding war has helped to send stocks across the industry higher. Below, we'll look more closely at whether now's the time to bet on sports betting's future.
Source Fool.com
