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The Dow gained 0.24% to 17,526.63, while the NASDAQ composite index climbed 0.13% to 4,626.63. The broader Standard & Poor's 500 index rose 0.13% to 2,026.16.
The worst performing industries in the market today are:
Communication Equipment:
The industry dropped 2.61% by 11:30 am. The worst performer in this industry was QUALCOMM
QCOM, which declined 11.1%. QUALCOMM reported Q4 earnings of $1.11 per share on revenue of $6.69 billion.
Foreign Utilities:
This industry fell 1.70% by 11:30 am ET. CPFL Energia S.A.
CPL shares dropped 2.5% in today's trading. CPFL Energia's PEG ratio is 2.52.
Diversified Communication Services:
This industry tumbled 1.28% by 11:30 am. The worst stock within the industry was Sprint
S, which fell 4.2%. Sprint shares have dropped 29.61% over the past 52 weeks, while the S&P 500 index has gained 15.82% in the same period.
Telecom Services - Domestic:
This industry declined 1.10% by 11:30 am, with CenturyLink
CTL moving down 5.3%. CenturyLink reported Q3 earnings of $0.63 on revenue of $4.51 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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