The 2025 Ryder Cup teed off at Bethpage State Park on Long Island Friday, drawing over 250,000 fans and expected to deliver a $200 million economic boost to New York State and surrounding businesses.
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 2.6% in the morning session after its proposal to obtain a full downstate casino license in New York received a key preliminary approval.
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
fell 3.2% in the afternoon session after analysts lowered their price targets, citing concerns about weaker-than-expected growth in Las Vegas.
Amazon (NASDAQ: AMZN) finds itself at a pivotal juncture, expertly maneuvering through a labyrinth of macroeconomic headwinds while simultaneously making aggressive, multi-billion-dollar investments to cement its leadership in the burgeoning artificial intelligence (AI) landscape. The e-commerce giant's performance amidst rising interest rates and fluctuating consumer spending presents a complex narrative,
Let's delve into the developments on the US markets one hour before the close of the markets on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Curious about the top performers within the S&P500 index in the middle of the day on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Wondering which stocks are making significant price gaps? Explore the S&P500 index on Thursday to find the gap up and gap down stocks in today's session.
Wall Street has set ambitious price targets for the stocks in this article.
While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
fell 2.5% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
MGM Resorts trades at $37.93 per share and has stayed right on track with the overall market, gaining 7.8% over the last six months. At the same time, the S&P 500 has returned 8.1%.
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 4.8% in the afternoon session after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be on the horizon. The positive sentiment spread across Wall Street, with the Dow Jones Industrial Average soaring over 900 points on hopes that the U.S. Federal Reserve may cut interest rates. The potential for lower rates often encourages consumer spending, which benefits travel and entertainment companies. This trend was seen across the sector, with peers like Caesars Entertainment also rising 6.3%, and travel companies such as Norwegian Cruise Line and Delta Air Lines experiencing significant gains as investors anticipated increased household spending on leisure activities.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges.
However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
