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Why Gaming Stocks Jumped on Tuesday

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.