Top Performing Industries For December 5
At 10:20 am, the Dow surged 1.28% to 12,173.13, the broader Standard & Poor's 500 index moved up 1.57% to 1,263.81 and the NASDAQ composite index gained 1.49% to 2,666.01.
The industries that are driving the market today are:
Foreign Money Center Banks: This industry jumped 3.18% by 10:20 am. The top stock within the industry was Lloyds Banking Group Plc (NYSE: LYG), which rose 10.8%. LYG's PEG ratio is 0.29.
Surety & Title Insurance: This industry moved up 2.78% by 10:20 am. The top stock within the industry was Assured Guaranty Ltd (NYSE: AGO), which gained 10%. AGO's trailing-twelve-month operating margin is 60.09%.
Regional - Mid-Atlantic Banks: The industry, which gained 2.41%, saw Summit Financial Group Inc (NASDAQ: SMMF) as the top gainer. SMMF's shares rose 12.5%. SMMF concluded its supplemental public offering of Non-Cumulative Convertible Preferred Stock, Series 2011.
Wholesale, Other: This industry rose 2.40% by 10:20 am ET. The top stock within the industry was Sims Metal Management Ltd (NYSE: SMS), which gained 2.9%. SMS has a dividend yield of 5.20%.
