© Reuters.
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:
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Wynn Resorts Limited (NASDAQ:) 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:) stock also rose 0.7%.
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Biogen Inc (NASDAQ:) 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.
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Apple Inc (NASDAQ:) 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.
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Trip.com Group Ltd ADR (NASDAQ:) 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.
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Taboola (NASDAQ:) 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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