Important points
U.S. stocks were mixed at midday as the Federal Reserve’s inflation gauge was lower than expected. Casino stocks jumped on optimism that a massive economic stimulus package announced by China would boost Macau real estate. Gold has fallen from all-time highs and stock prices have fallen. Newmont and other miners are lower.
U.S. stocks were mixed at midday after the Federal Reserve’s backed inflation report came in lower than expected. The Dow Jones Industrial Average rose, the S&P 500 was little changed, and the Nasdaq fell.
Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS) and MGM Resorts International (MGM) rose as China’s massive stimulus package is expected to boost Macau’s casino business.
Bristol-Myers Squibb (BMY) stock rose after the Food and Drug Administration (FDA) approved the use of a unique treatment for schizophrenia.
EchoStar (SATS) and AT&T (T) have moved forward with reports that their respective Dish Network and DirecTV satellite television businesses are in advanced merger talks.
Shares of gold miners that compete with Newmont (NEM) fell as the price of gold fell from its all-time high yesterday.
Shares fell after ski resort operator Vail Resorts (MTN) announced layoffs and reported a lower-than-expected quarterly loss.
Globe Life (GL) shares fell after U.S. regulators found the life insurance company discriminated against five former distributors and one current distributor “on the basis of gender.” .
Crude oil futures rose. The yield on the 10-year US Treasury note has fallen. The US dollar rose against the euro and pound, but fell against the yen. Most major cryptocurrencies traded in positive territory.
spot gold price.
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