Why AMC and Entertainment Stocks Are Down Big Today

Shares of entertainment stocks are down big on Friday as the market sells off risky assets, particularly those that may be impacted by a new strain of COVID-19. 

In the first hour of trading today, AMC Entertainment (NYSE: AMC) fell as much as 7.2%, Dave & Buster's Entertainment (NASDAQ: PLAY) was down 9.7%, and casino stocks MGM Resorts (NYSE: MGM) and Melco Resorts & Entertainment (NASDAQ: MLCO) dropped 8.6% and 11.2%, respectively. As of 10:10 a.m. ET, these stocks were down 3.1%, 8.3%, 5.3%, and 10.2%, respectively. 

Image source: Getty Images.

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Source Fool.com