NASDAQ seems to have hit an all time high due to stocks of Casino’s and technology shooting up. One major player who was responsible is MGM Mirage. Famous investor Kirk Kerkorian has bought two properties owned by MGM Mirage in Las Vegas, thereby increasing the stock percentage up by 27 percent.
Wynn resorts and Las Vegas sands were other major gainers in NASDAQ.
S&P 500 and Dow’s Industrial average has however reduced because of the Energy prices. With the situation uncertain in Iraq and Nigeria, the oil prices seems to have surged thereby bringing down the industrial average of Dow Jones. The stock prices of Exxon Mobil fell to 1% $82.77.
NYSE was on a moderate trading zone this Tuesday.
Key news to watch for this week are, the U.S -China talk including the value of Yuan.