Midday movers: Wynn Resorts, Biogen, Apple and more
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By Liz Moyer
Investing.com -- Stocks were falling as protests in China over the government's strict COVID-19 lockdown rules sparked fears of a global growth slowdown. Here are the midday movers for Nov. 28:
Wynn Resorts Limited (NASDAQ: WYNN) stock jumped 3% after China renewed casino licenses in Macau, removing a big weight on the sector that has lasted for months while their presence there was under review. Las Vegas Sands (NYSE: LVS) stock also rose 0.7%.
Biogen Inc (NASDAQ: BIIB) stock fell 4.7% after a report that a woman receiving its Alzheimer medication had recently died of a brain hemorrhage, though it wasn't clear whether there was a connection.
Apple Inc (NASDAQ: AAPL) stock fell 1.8% after a report that its iPhone Pro production could result in a shortfall because of unrest at the Foxconn plant in China where many of the phones are made.
Trip.com Group Ltd ADR (NASDAQ: TCOM) shares jumped 8% after a strong weekend of holiday travel in the U.S. Last week, the travel planning and aggregation site said its 11.11 promotion resulted in bookings hitting a new record, up 84% from the same time last year.
Taboola (NASDAQ: TBLA) stock rose 46% after internet search giant Yahoo struck a 30-year commercial deal for Taboola to run its native advertising. As part of the deal, Yahoo will acquire a 25% stake in Taboola.
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