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US stock markets rise, Microsoft ups dividend

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.

Featured: Rask’s (free!) ethical investing course

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%

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is set to follow US markets higher at the open on Thursday. For all the latest, check out Rask Media’s ASX 200 morning report.

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Are you stuck wondering where to invest right now? Have you got cash 'sitting on the sidelines'? Are you looking for dividend income AND growth but don't know where to start? Rask's expert ASX analyst team has just released a full report, detailing where we'd invest $10,000 right now.

Not only are we offering these 11 investment ideas completely FREE, we've also released an in-depth podcast to go with the report!

So, whether you have $2,000 or $50,000, our brand new analyst report could help transform your watchlist. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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