All three US stock market indices posted strong recoveries in what has been a confused week of trading.
The Nasdaq and S&P 500 were both 0.8% higher with the Dow Jones adding 0.7%.
Oil remains a key contributor, albeit extremely volatile on a daily basis.
Casinos in China’s sight
The casino sector was sold off in late trading with Wynn Resorts (NASDAQ: WYNN) down over 6% after the Chinese government flagged further regulatory pressure on the world’s largest gambling hub in Macau.
The action continues the Environmental, Social and Governance approach of the government after pushing back on high-pressure teaching, gaming, social media and now gambling.
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Microsoft ups dividend
Apple’s (NASDAQ: AAPL) new iPhone 13 didn’t shock the world, delivering slight improvements. However, fellow tech giant Microsoft (NASDAQ: MSFT) boosted its dividend by 11% for the quarter and increased its buyback, sending shares close to 2% higher.
US stock market movers
Here’s how other popular US stocks fared on Wednesday.
- SentinelOne (NYSE: S) up 8.9%
- Zendesk (NYSE: ZEN) up 5.6%
- Snapchat (NYSE: SNAP) up 3.2%
- Qualcomm (NASDAQ: QCOM) down 2.1%
- Starbucks (NASDAQ: SBUX) down 3.6%
- Electronic Arts (NASDAQ: EA) down 4.7%