Top Performing Industries For July 12 (SNDK, WY, SIFY, HEW)
At 10:59 am, the Dow lost 0.01% to 10,196.66 and the broader Standard & Poor's 500 index fell 0.12% to 1,076.68. Meanwhile, the NASDAQ composite index rose 0.04% to 2,197.29.
The industries that are driving the market today are:
Semiconductor- Memory Chips: This industry jumped 2.66% by 1:38 pm. The top stock within the industry was SanDisk Corporation (NASDAQ: SNDK), which rose by 6.76%. SNDK jumped after UBS upped the stock to “buy.”
Lumber, Wood Production: This industry rose 2.41% by 1:38 pm ET. The top performer in this industry was Weyerhaeuser Company (NYSE: WY), which gained 8.15%. Weyerhaeuser aims to pay $5.6 billion to shareholders through a special dividend.
Internet Service Providers: This industry moved up 1.98% by 1:38 pm, with Sify Technologies Limited (NYSE: SIFY) moving up 11.54% to gain the top spot. SIFY has recently launched Sify mylife, the first consumer cloud services platform in India.
Management Services: The industry, which gained by 1.88%, saw Hewitt Associates Inc (NYSE: HEW) as the top gainer. HEW’s shares rose 32.32%. Aon has agreed to buy HEW for $4.9 billion.
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