Top Performing Industries For May 1, 2015
At 11:30 am, the Dow climbed 0.78 percent to 17,979.41, the broader Standard & Poor's 500 index moved up 0.69 percent to 2,099.87 and the NASDAQ composite index rose 0.78 percent to 4,979.91.
The industries that are driving the market today are:
Regional Airlines: This industry moved up 3 percent by 11:30 am. The top performer in this industry was SkyWest, Inc. (NASDAQ: SKYW), which gained 13.3 percent. SkyWest reported upbeat Q1 earnings.
Toy & Hobby Stores: The industry gained 2.7 percent by 11:30 am. The top performer in this industry was Build-A-Bear Workshop, Inc (NYSE: BBW), which gained 2.6 percent. Build-A-Bear is expected to report Q1 results on May 5, 2015.
Semiconductor - Specialized: This industry jumped 2.2 percent by 11:30 am. The top performer in this industry was Altera Corporation (NASDAQ: ALTR), which rose 8 percent. According to a report from Reuters, Intel Corporation (NASDAQ: INTC) had discussed offering $58 per share back in February and had signed a standstill agreement that expires on June 1, 2015, according to sources.
Appliances: This industry rose 2 percent by 11:30 am ET. The top performer in this industry was Whirlpool Corporation (NYSE: WHR), which gained 2.5 percent. Whirlpool shares have surged 15.15 percent over the past 52 weeks, while the S&P 500 index has gained 10.86 percent in the same period.
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