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US Stocks Waver, Nvidia Lifts Chipmaker Boats, GameStop Spikes, Moderna Tumbles: What’s Driving Markets Tuesday?

Wall Street resumed trading after the Memorial Day holiday with a familiar trend, as major chipmaker stocks significantly outperformed the broader market.

ARM

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DraftKings Stock Is Sliding Tuesday: What’s Going On?

The Illinois senate approved new tax increases over the weekend that would more than double the current tax rate. Sportsbooks in Illinois are currently paying an effective tax rate of about 15%, but the new tax increases would see that number jump into the mid-to-high 30% range. The bill is expected to move through the House and become effective at the beginning of July.

DKNG