Eldorado Buys Caesars to Create America’s Biggest Casino
Adviser Investments Senior Vice President Chris Keith has the market analysis for Monday, June 24. Little changed on Wall Street as the Dow Jones Industrial Average inched up less than 0.1% while S&P 500 and NASDAQ Composite fell 0.2% and 0.3%, respectively. In merger news, Eldorado Resorts announced plans to buy Caesars Entertainment in a $17.3 billion deal, sending Caesars’ stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. up by double digits and Eldorado’s slumping 7%. Meanwhile, the Dallas Fed’s manufacturing index dropped to the lowest level in three years, consistent with other recent manufacturing reports.