Top Performing Industries For October 10, 2013
At 10:05 am, the Dow jumped 1.23% to 14,985.37, the broader Standard & Poor's 500 index moved up 1.34% to 1,678.66 and the NASDAQ composite index gained 1.56% to 3,735.13.
The industries that are driving the market today are:
Electronics Stores: This industry jumped 6.40% by 10:05 am. The top performer in this industry was Best Buy Co (NYSE: BBY), which rose 7.7%. Best Buy's PEG ratio is 1.88.
Music & Video Stores: This industry rose 4.81% by 10:05 am ET. The top performer in this industry was Netflix (NASDAQ: NFLX), which gained 4.5%. Needham & Co initiated coverage on the stock with a Buy rating.
Internet Service Providers: This industry moved up 4.61% by 10:05 am. The top performer in this industry was Sify Technologies (NASDAQ: SIFY), which gained 5.9%. Sify shares have dropped 14.42% over the past 52 weeks, while the S&P 500 index has gained 15.60% in the same period.
Computer Peripherals: The industry gained 3.80% by 10:05 am. The top performer in this industry was Stratasys (NASDAQ: SSYS), which gained 6.6%. Analysts at JP Morgan upgraded Stratasys from Neutral to Overweight.
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