DraftKings stock soars after ESPN deal
DraftKings shares climbed sharply following news of a strategic partnership with ESPN, effectively taking the place of Penn Entertainment’s previous arrangement with the network.
The collaboration is expected to strengthen DraftKings’ position in the online sports betting market and expand its user base, according to market analysts.
Market and asset updates
- Bitcoin slipped slightly to around $102,000 as investor risk appetite remained subdued.
- Analysts at JPMorgan noted a slowdown in retail gold purchases as the metal’s price retreated.
- Wolfe Research described the Supreme Court’s oral arguments concerning President Trump’s tax levies as “negative.”
Forecast and outlook
“Expect a concentrated rally into year-end,” said Wolfe Research, suggesting selective strength in equity markets.
Author’s summary: DraftKings jumps on ESPN deal, Bitcoin weakens, and analysts foresee selective market gains by year-end amid cautious sentiment.
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