Top Performing Industries For September 1 (USTR, SLT, FLEX, BBW)
At 11:27 am, the Dow gained 2.42% to 10,257.51, the broader Standard & Poor's 500 index moved up 2.72% to 1,077.89 and the NASDAQ composite index rose 2.88% to 2,174.97.
The industries that are driving the market today are:
Wholesale, Other: This industry jumped 6.14% by 11:27 am. The top stock within the industry was United Stationers Inc (NASDAQ: USTR), which rose 7.26%. Analysts at FBR Capital upgraded USTR from “market perform” to “outperform.”
Copper: This industry rose 5.87% by 11:27 am ET. The top performer in this industry was Sterlite Industries (India) Limited (NYSE: SLT), which gained 7.14%. SLT’s quarterly revenue jumped 31.10% y/y.
Printed Circuit Boards: This industry moved up 5.15% by 11:27 am, with Flextronics International Ltd (NASDAQ: FLEX) moving up 7.10% to gain the top spot. FLEX has announced the completion of phase 1 of a 2-phase build-out power facility in Ganzhou, Jiangxi China.
Toy & Hobby Stores: The industry, which gained 5.00%, saw Build-A-Bear Workshop Inc (NYSE: BBW) as the top gainer. BBW’s shares rose 6.00%. Borders Group (NYSE: BGP) has confirmed its partnership with BBW for including some craft kits along with other products in the Children's area.
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