Why Gaming Stocks Jumped on Tuesday
The world of games (gambling or otherwise) was hot on Tuesday as both casino stocks and video game stocks moved higher. Caesars Entertainment (NASDAQ: CZR) was up as much as 13.8% in trading today, MGM Resorts (NYSE: MGM) jumped 7%, and Roblox (NYSE: RBLX) gained 7.5%. The economic news that came out today was pretty bad, but the market is up anyway and there's some logic to that.