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Midday movers: Wynn Resorts, Biogen, Apple and more

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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.