The trading prices on the stocks to watch today were: WYNN at $68.40 at 10:39 AM, PLTR at $7.78 at 10:40 AM, and AIG at $49.47 at 10:41 AM EDT.
As the dollar’s strength and the world’s financial conditions continue to weigh on risky assets, stock index futures indicate a further decrease at the start of the trading week. A few equities will change in response to particular news stories when markets drop. The equities to keep an eye on Monday are listed below:
In the early hours of Monday, Wynn Resorts (NASDAQ:WYNN) and other casino stocks with ties to Macau saw gains. WYNN is up 5.3% after regulators hinted at the possibility of e-visas for tourists and mainland visitors, which would soon make it possible for people to travel to the center of gaming once more.
China’s zero-covid policy and the prohibition on travelers to Macau, the largest gaming center in the world, have hurt casino operators during the past few years. Casinos shut down as COVID instances increased, just like how Macau’s companies were nearly completely shut down for two weeks in July.
Despite the fact that the DHS renewed its agreement with Palantir Technologies (NYSE:PLTR) to provide investigative case management software assistance for Homeland Security Investigations, the stock fell 1.1%.
After Ryan MacDonald of Needham Securities raised Chegg Inc. (NYSE:CHGG) to a “Buy” recommendation, the stock’s price increased 2.9% in premarket trade.
American International Group, Inc. (NYSE:AIG) saw a 0.7% decline as it prepared to redeem its outstanding 3.900% notes due 2026, 3.750% notes due 2025, and 2.500% notes due 2025 on October 24 for a combined $750,000,000, $500,000,000, and $500,000,000 principal amounts, respectively.
As the dollar index reached a 20-year trading high, other market news shows that exchange-traded funds linked to the dollar are also moving.
Featured Image – Megapixl © Michaelvi