Shares of casino stocks jumped dramatically on Wednesday as casinos announced opening plans and the market moved higher overall. Shares of Wynn Resorts (NASDAQ: WYNN) jumped as much as 11.4%, Eldorado Resorts (NASDAQ: ERI) rose 11.4%, and Red Rock Resorts (NASDAQ: RRR) popped 10.7% today. Shares moved higher throughout the day with these three stocks up 10.8%, 9.7%, and 9.3%, respectively, at 3:20 p.m. EDT.
Part of the move was certainly driven by the market climbing overall and volatile casino stocks magnifying those gains. As of this writing, the Dow Jones Industrial Average is up 2% and the S&P 500 is up 1.4%, so gains are widespread across the market.
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