Top Performing Industries For June 16 (NLST, AAPL, FFIV, UAUA)
At 12:23 p.m., Dow gained 4.08, or 0.04%, to 10,408.85, while the broader Standard & Poor's 500 index rose 1.37, or 0.12%, to 1,116.60. The Nasdaq composite index moved up 6.48, or 0.28%, to 2312.36.
The industries that are driving the market today are:
Semiconductor- Memory Chips: The top gainer of the day, this industry added 2.20% by 12:23 pm. The top gainer within the industry was Netlist Inc (NASDAQ: NLST), which jumped 6.20%. NLST’s HyperCloud memory module has been selected by the UK-based IT solutions provider Viglen to run on its servers.
Personal Computers: This industry climbed 2.18% by 12:23 p.m. ET. The top performer in this industry was Apple Inc (NASDAQ: AAPL) which added 2.41%. AAPL, along with its partners, has received above 600,000 orders for its new iPhone 4.
Internet Service Providers: This industry moved up 1.81% by 12:23 pm, with F5 Networks Inc (NASDAQ: FFIV) climbing 1.97% to gain the top spot. Analysts at Ticonderoga downgraded FFIV from “buy” to “neutral.”
Major Airlines: The industry, which rose by 1.62%, has the top gainer in the form of UAL Corporation (NASDAQ: UAUA). UAUA gained 3.07% to trade at $24.47. Analysts at Deutsche Bank initiated coverage of UAUA with a “buy” rating.
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