Stock Markets Defy COVID-19; Red Rock, Penn National Lead Regional Casinos Higher on Vaccine Hopes
The stock market moved higher on Wednesday, buoyed by good news on the coronavirus front. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite saw nice rises on the day. Among them, regional casino companies found themselves on the brink of financial collapse during the worst of the pandemic, as many of those businesses have far weaker balance sheets and fewer financial resources than big-name premier casino resort operators in gambling meccas like Macao and the Las Vegas Strip.
