These 2 Nasdaq Stocks Hit the Jackpot Friday
The stock market has had a tough 2022 so far, and this week's attempt to try to claw back some ground after big losses last week has been mixed at best. The Nasdaq Composite (NASDAQINDEX: ^IXIC) held up reasonably well on Friday morning, posting a gain of 24 points to 14,831 as of 11:45 a.m. ET even as other major market indexes fell. However, the Nasdaq has still fallen close to 9% from its recent highs.
The COVID-19 pandemic has had a dramatic impact on the global economy, and the casino resort industry has been hit especially hard. Travel restrictions and other complications have made it tough for gambling operations to work at full capacity, and international destinations in particular have seen substantial disruptions. But on Friday, Nasdaq casino stocks Wynn Resorts (NASDAQ: WYNN) and Melco Resorts & Entertainment (NASDAQ: MLCO) moved sharply higher on news from the key gambling center of Macao. Let's take a closer look at what's happening in Asia and what it means for these two companies and the rest of the casino resort industry.
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Source Fool.com
