Top Narrow Based Indexes For May 31
By 11:00 am, the Dow Jones Industrial Average was up 62.74 points, or 0.50%, to 12,504.32, while the broader Standard & Poor's 500 index had gained 6.64 points, or 0.50%. The NASDAQ composite index rose 14.19 points, or 0.51%.
Some of the narrow based indexes that are driving the markets are Chinese Solar Stocks, which have gained 4.3%, Chinese IT Stocks, up 3.3%, and Chinese Oil and Gas Stocks, moving 2.9% higher as a group.
In Tickerspy's Chinese Solar complex, Yingli Green Energy Holding Co Ltd (NYSE: YGE) had surged 7.8%. YGE's PEG ratio is 0.34.
The best performing Tickerspy Chinese IT stock has been Camelot Information Systems (NYSE: CIS), which was up 7.8%. Steadfast Capital reported 5.12% passive stake in CIS.
Sinopec Shanghai Petrochemical Co Ltd (NYSE: SHI) is today's leading Tickerspy's Chinese Oil and Gas stock, gaining 3.9%. SHI's trailing-twelve-month revenue is $12.85 billion.
Read more from Benzinga's Markets.
