Top Performing Industries For June 9 (NFLX, FCH, IIJI, DKS)
At 11:21 a.m., the Dow gained 92.89, or 0.93%, to 10,032.87, while the broader Standard & Poor's 500 index rose 11.89, or 1.12%, to 1,073.89. The NASDAQ composite index moved up 29.01, or 1.34%, to 2199.58.
The industries that are driving the market today are:
Music & Video Stores: The top gainer of the day, this industry added 5.00% by 11:21 am. The top gainer within the industry was Netflix Inc (NASDAQ: NFLX), which jumped 5.75%. Analysts at JP Morgan have raised their target price for NFLX from $110 to $133.
REIT-Hotel/Motel: This industry climbed 4.75% by 11:21 a.m. ET. The top performer in this industry was FelCor Lodging Trust Incorporated (NYSE: FCH), which added 16.88%. FCH has agreed to repay $177 million of secured debt at a noteworthy discount to the principal balance.
Internet Service Providers: This industry moved up 4.71% by 11:21 am, with Internet Initiative Japan Inc (NASDAQ: IIJI) climbing 6.90% to gain the top spot. IIJI has signed a stock purchase agreement with AT&T Japan LLC.
Sporting Goods Stores: The industry, which rose by 4.34%, has the top gainer in the form of Dick's Sporting Goods Inc (NYSE: DKS). DKS gained 5.70% to trade at $27.75. Analysts at Citigroup have added DKS to its Top Picks live.
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