S&P 500 Gains and Losses Today: MGM Stock Surges as Macau, Digital Businesses Thrive
1. MGM Resorts surged 17.5% following strong Q4 sales and profit results. 2. Sales growth in Macau significantly contributed to MGM's strong quarterly performance. 3. CFRA analysts upgraded MGM stock to 'buy' post-earnings report. 4. S&P 500 rose 1.0% driven by MGM's performance and favorable economic conditions. 5. Producer Price Index indicated uptick in wholesale inflation, affecting market sentiment.