Wall Street's a Bad Bet Tuesday, Especially for These 2 Stocks
Stocks gave up some ground in early afternoon trading on Tuesday, as investors remained cautious about the potential for future economic growth amid increased concern about rising U.S. COVID-19 case counts. As of 1 p.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 221 points to 34,648. The S&P 500 (SNPINDEX: ^GSPC) had fallen 15 points to 4,453, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had eased lower by 13 points to 15,092.
The travel industry has been among the hardest hit by the pandemic over the past year and a half, and it has taken awhile for companies to start to get back toward something resembling normalcy. Yet even the progress that major companies in the casino resort niche have made got a big setback on Tuesday, and that sent shares of Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) down sharply. Below, we'll take a closer look at what happened and what it could mean for investors.
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Source Fool.com
