Top Performing Industries For August 19 (MFE, NTES, NFLX, CAJ)
At 11:11 am, the Dow lost 1.41% to 10,268.52, the broader Standard & Poor's 500 index moved down 1.54% to 1,077.35 and the NASDAQ composite index fell 1.43% to 2,183.91.
The industries that are still afloat in the market today are:
Security Software & Services: This industry jumped 11.19% by 11:11 am. The top stock within the industry was McAfee Inc (NYSE: MFE), which rose 57.47%. Intel Corp (NASADQ: INTC) has announced a deal to buy MFE for about $7.7 billion or $48 per share in cash. The offer values MFE’s shares at a 60% premium to yesterday's closing price.
Internet Software & Services: This industry rose 2.79% by 11:11 am ET. The top performer in this industry was NetEase.com Inc (NASDAQ: NTES), which gained 12.36%. NTES had posted better-than-expected Q2 revenue.
Music & Video Stores: This industry moved up 0.54% by 11:11 am, with Netflix Inc (NASDAQ: NFLX) moving up 0.69% to gain the top spot. NFLX’s shares have jumped 180.14% over the past 52 weeks, while the S&P 500 index has just gained 9.80% in the same period.
Photographic Equipment & Supplies: The industry, which gained 0.38%, saw Canon Inc (NYSE: CAJ) as the top gainer. CAJ’s shares rose 0.65%. CAJ has announced its new SELPHY CP800 Compact Photo Printer that features a new tilt LCD screen.
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