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Why Casino Stocks Jumped Today

TheMotleyFool

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Shares of casino stocks had a great day on Wednesday with a number of companies jumping double digits. There was some earnings to report, but there are also market tailwinds with the S&P 500 trading 1.1% higher and the Nasdaq Composite up 2.5% today. As highly volatile stocks, it's not a shock that casino stocks are amplifying those gains today.

MGM Resorts International (NYSE: MGM) was up as much as 5.8% in early trading, Las Vegas Sands (NYSE: LVS) was up 10.5%, and Melco Resorts & Entertainment (NASDAQ: MLCO) jumped 20.5% at its peak. At 3:15 p.m. ET shares of the three stocks were up 4.3%, 10%, and 19.8% respectively.

Image source: Getty Images.

Source Fool.com

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