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Wynn Resorts Ltd. (WYNN) Gapped Up On Strong Q3 Earnings

Wynn Resorts Ltd. (WYNN) reported third quarter adjusted EPS of $1.95 after the close Tuesday, which topped the consensus estimate of $1.84.

Wynn Resorts gapped open sharply higher Wednesday morning and is now up 3.55 at $188.80. The stock is challenging the upper end of a 2-month range.

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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