Top Performing Industries For August 15
At 10:05 am, the Dow rose 1.13% to 11,396.40, the broader Standard & Poor's 500 index moved up 1.29% to 1,194.01 and the NASDAQ composite index gained 1.03% to 2,533.70.
The industries that are driving the market today are:
Diversified Communication Services: This industry jumped 6.83% by 10:05 am. The top stock within the industry was Motorola Mobility Holdings Inc (NYSE: MMI), which rose 56%. Google Inc (NASDAQ: GOOG) announced its plans to buy Motorola Mobility for $12.5 billion in cash.
Wholesale, Other: This industry moved up 3.45% by 10:05 am. The top stock within the industry was Sims Metal Management Ltd (NYSE: SMS), which gained 4.8%. SMS is scheduled to report its FY11 full year results on 25 August.
Cement: The industry, which gained 2.88%, saw Eagle Materials Inc (NYSE: EXP) as the top gainer. EXP's shares rose 4%. EXP declared a quarterly cash dividend of $0.10 per share.
Research Services: This industry rose 2.68% by 10:05 am ET. The top stock within the industry was Acacia Research Corporation (NASDAQ: ACTG), which gained 7.8%. ACTG's trailing-twelve-month operating margin is 27.71%.
