Gaming Stocks Showing Signs of Life
Gaming stocks were showing signs of recovery Tuesday one day after weak revenue growth in the Macau gaming region in China sent gaming stocks tumbling.
Shares of MGM Resorts International (MGM) were up 0.43% while Wynn (WYNN) shares were basically flat after falling nearly 8% in Monday trading.
Macau revenue grew 12.5% in June, short of analyst expectations of 18% growth.
Premarket
U.S. futures were climbing ahead of Tuesday's opening bell, a day after all three major indices rallied in the late afternoon to close Monday's session, the first of the second half of 2018, on a positive note.
Dow futures were climbing 0.45%, indicating an open 102 points higher, while S&P futures gained 0.35%, indicating an open 10 points higher, and Nasdaq futures rose 0.52%, indicating an open 37 points higher.
Asian markets were mixed, with the Shanghai composite gaining 0.41%, while the Hang Seng and Nikkei declined 1.41% and 0.12% respectively.
European markets were rising with the FTSE 100 gaining 0.59%, the DAX rising 1.28% and the CAC 40 gaining 0.91%.
