Top Performing Industries For February 26 (MHK, UAUA, IPG, PZZ, IBN)

Symbols: IBN, IPG, MHK, PZZ, UAUA
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By 1:08 p.m., Dow had lost 8.39, or 0.08%, to 10,312.64, while the broader Standard & Poor's 500 index slipped 0.71, or 0.06%, to 1,102.22. The Nasdaq composite index rose 0.44, or 0.02%, to 2234.66.

The industries that are driving the market today are:

Textile Industrial: The top gainer of the day, this industry had added 4.57% by 12:24 p.m. ET. The highest gainer within the industry was Mohawk Industries Inc (NYSE: MHK), which jumped 8.02% to $51.61. MHK had reported its Q4 net earnings at $20 million, which included a restructuring charge of approximately $30 million. Read more about this company here.

Major Airlines: This industry had climbed 2.70% by 12:24 p.m. ET. The top performer in this industry was UAL Corporation (NASDAQ: UAUA). UAUA gained 6.19% after the US said the economy grew at a slightly faster rate in the fourth quarter than was previously reported. Read more about this company here.

Advertising Agencies: This industry had moved up 2.25% by 12:24 p.m. ET. The top performer in this industry was Interpublic Group of Companies (NYSE: IPG), which rose 11.41%. Although IPG’s Q4 revenues fell year-over-year, they exceeded expectations. Read more about this company here.

Medical Practitioners: This industry rose by 1.90% and has the top gainer in the form of Prospect Medical Holdings Inc (NASDAQ: PZZ). PZZ gained 3.52% to trade at $6.40 after the company announced the launch of its new investor website that will act as a comprehensive resource of easy-to-find information. The site will enable users to remain updated on the ongoing developments at Prospect Medical Holdings. Read more about this company here.

Foreign Regional Banks: This industry had gained 1.56% by 12:24 pm ET. The top gainer in this industry is ICICI Bank Limited (NYSE: IBN), which climbed 3.34% to trade at $38.08. India’s ICICI Bank Ltd has hiked its interest rates on some deposits. Read more about this company here.


 
 
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