These 2 Nasdaq Stocks Were Big Losers Wednesday
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been an influential part of the bull market over the past 18 months, and it has repeatedly shown its resilience even in the face of pressure on other parts of the stock market. On Wednesday, the Nasdaq fought to keep its upward momentum, climbing just a tiny fraction of a percent by 10 a.m. EDT and lagging behind slightly larger gains from other key benchmarks.
One of the factors holding back the Nasdaq on Wednesday was poor performance from the casino gambling industry. A second straight day of declines for Wynn Resorts (NASDAQ: WYNN) and Melco Resorts & Entertainment (NASDAQ: MLCO) showed just how much the Asian gambling capital of Macao still means for global players in the industry, but it also signaled a potential changing of the guard, as other Nasdaq companies operating casino resorts fared much better.
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Source Fool.com
