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Stocks Slide on Bond Rout, OPEC Meeting, Greek Extension

July 9, 2023
in Trade Tube
Reading Time: 1 min read
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Wynn Resorts (WYNN) led the S&P 500 Thursday, one of many gaming stocks which saw a boost on signs of improvement in Macau. The gambling destination is expected to rebound based on improving revenue trends in April and May. Stocks sold off on a laundry list of macro concerns from a global bond rout to an impending meeting among some of the world’s largest oil producers. The Dow dropped nearly 200 points. The International Monetary Fund granted Greece a repayment extension, allowing the debt-laden country more time in which to negotiate for extra debt relief from European creditors. Greece will repay four debt obligations in a lump sum at the end of the month.

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