Why is MGM Resorts stock sliding today?

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• US oil prices fall as investors gauge risks to Mideast supply

  Crude benchmarks pulled back after a sharp midweek rally as traders weighed ongoing regional hostilities against fragile diplomatic efforts. Growing instability surrounds repeated assaults by Yemen's Houthis on transportation hubs and energy infrastructure across the Arabian Peninsula. At the same time, regional de-escalation talks remain stalled due to disagreements between mediators and Iranian leadership.

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• Fed holds rates, says data will guide next move

  Central bank officials opted to keep the federal funds rate between 3.75% and 4% despite inflation rising at its fastest pace in five months. The move arrives less than a week before the November midterm elections as policymakers balance resilient consumer spending against elevated energy pressures. Financial markets responded with Treasury yields and the S&P 500 remaining higher following the announcement.

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• CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

  Lower-than-expected spending from hyperscalers signals potential bottlenecks and delayed delivery schedules across artificial intelligence infrastructure projects. Because specialized cloud operators rely heavily on tech giants to rent compute resources, cooling infrastructure investments directly threaten their near-term revenue pipelines. This pullback exacerbates existing balance sheet pressures within an industry already grappling with expensive debt financing and elevated interest rates.

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