Macau’s gaming revenue surged in June, boosting Wynn, Las Vegas Sands, and other casinos

Macau’s June gaming revenue spiked 19% to $2.6 billion, according to new data released by the region’s gaming regulator. That figure significantly beat analyst expectations of a 9.4% bump.

Concerts by artists like Cantopop star Jacky Cheung — a cultural institution across much of Asia — are said to have boosted numbers significantly.

The outsized revenue figures sent Macau-related casino stocks including Wynn Resorts, Las Vegas Sands, and Melco up more than 6%.

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Max Knoblauch

Ford posts better-than-expected profit and sales, but lowers its full-year earnings outlook

Ford shares seesawed in after-hours trading as investors digested the Q3 report.

Intel beats on Q3 earnings, revenue

Here’s what the numbers look like.

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Toby Bochan, Luke Kawa

Market wrap

US stocks rally as momentum stocks live up to their name

All three indexes finished in the green.

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GameStop surges amid bullish options flows

Shares of GameStop are jumping on no news amid elevated options demand that’s got a decidedly bullish tilt.

(Ah, typing that makes me feel younger!)

As of 3 p.m. ET, more than 233,000 call options have changed hands, already 100,000 above their full-day average over the past 20 sessions. And that’s largely one-way traffic: the stock’s put/call ratio is sitting at 0.1, which would be its lowest for a single session since July 21.

Call options that expire this Friday with strike prices of $23.50 and $24 are among the contracts seeing the most activity.

Analysts parse IBM earnings, see weakness, stock slides

IBM is on track for its worst trading day in months.

Matt Phillips13h

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