Top Performing Industries For December 16, 2013
At 10:15 am, the Dow jumped 0.98% to 15,909.77, the broader Standard & Poor's 500 index moved up 0.79% to 1,789.41 and the NASDAQ composite index rose 0.88% to 4,036.07.
The industries that are driving the market today are:
Semiconductor - Specialized: This industry jumped 3.60% by 10:15 am. The top performer in this industry was LSI (NASDAQ: LSI), which rose 38.6%. Avago Technologies (NASDAQ: AVGO) announced its plans to buy LSI for $6.6 billion.
Foreign Regional Banks: This industry moved up 2.04% by 10:15 am. The top performer in this industry was Grupo Financiero Santander Mexico, S.A.B. de C.V. (NYSE: BSMX), which gained 2.2%. Banco Santander Mexico announced an approval of capital optimization program.
Catalog & Mail Order Houses: This industry rose 1.84% by 10:15 am ET. The top performer in this industry was LightInTheBox Holding Co (NYSE: LITB), which gained 13.8%. LightInTheBox authorized a share repurchase program to repurchase up to $20 million.
Telecom Services - Foreign: The industry gained 1.72% by 10:15 am. The top performer in this industry was Nippon Telegraph and Telephone (NYSE: NTT), which gained 3.1%. Nippon Telegraph's PEG ratio is 1.79.
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