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Stocks - Activision Jumps Midday on ‘Call of Duty’ Enthusiasm

Published 09/11/2018, 11:45 AM
© Reuters.  The beta release of the latest 'Call of Duty' boosted Activision shares.
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Investing.com - Stocks in the video game sector were active in midday trading, while energy stocks rose.

Activision Blizzard (NASDAQ:ATVI) rose about 5.6% at 11:45 AM ET (15:45 GMT).

The video game maker enjoyed momentum after releasing a beta version of “Call of Duty: Black Ops 4” on Monday for the PlayStation 4 with a new battle royale mode. The beta will be released for Xbox One and PC starting Friday.

The release of the latest installment of the popular game franchise received an added boost when rival Electronic Arts (NASDAQ:EA) announced last month it would delay the release of “Battlefield V” until Nov. 20.

Shares of EA fell about 1%.

Energy stocks followed crude oil prices higher, as traders assessed any possible impact from Hurricane Florence, which could hit the East Coast of the U.S. as a Category 5 storm later this week.

The S&P Energy Sector index rose about 0.7%.

Concho Resources (NYSE:CXO), up about 2.7% at the time of writing, and Hess (NYSE:HES), which gained about 1.7%, were among the top gainers in the index.

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