DraftKings Stock Surges Following ESPN Partnership
DraftKings stock experienced a significant rise after announcing a partnership with ESPN, leading it to replace Penn Entertainment in market standings.
Other Market Highlights
- Elon Musk's $1 trillion Tesla compensation plan was approved by shareholders.
- The S&P 500 declined amid concerns over job cuts and weakness in the technology sector.
- Supreme Court oral arguments are viewed as unfavorable for Trump's tax levies, according to Wolfe Research.
- Bitcoin's price declined slightly to around $102,000 as investors showed caution.
"Supreme Court oral arguments seen as 'negative' for Trump levies - Wolfe Research"
Summary: DraftKings surged after a new ESPN deal, while market unease rose due to job cuts, a Supreme Court setback for Trump, and cautious Bitcoin trading.