The S&P 500 Index ended its eight-week winning streak and plunged over 2.59% last week amid the crash on Friday. Meanwhile, gaming stocks, which have consistently underperformed broader markets this year, bucked last week’s sell-off, and the Roundhill Sports Betting & iGaming ETF gained almost 1%.
The S&P 500 Index, after an eight-week winning streak, dropped by over 2.59% last week due to the crash on Friday. In contrast, gaming stocks, which have been lagging behind broader markets this year, defied the trend and saw gains during the sell-off. The Roundhill Sports Betting & iGaming ETF increased by almost 1%.
Major players like MGM Resorts and Boyd Gaming were among those in the gaming sector that managed to outperform the market last week despite the overall downturn. This resilience in gaming stocks comes in the face of their consistent underperformance compared to the broader market throughout the year.
