Top Performing Industries For September 28, 2016

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At 10:30 am, the Dow fell 0.10 percent to 18,209.74, the broader Standard & Poor's 500 index moved down 0.18 percent to 2,156.14 and the NASDAQ composite index declined 0.19 percent to 5,295.70.

The industries that are still afloat in the market today are:

  • Electronic Equipment: This industry gained 1 percent by 10:30 am. The top stock within the industry was Apple Inc. AAPL, which gained 1 percent. Bank of America Merrill Lynch reiterated a Buy rating on Apple, with a price objective of $125.
  • Metal Fabrication: This industry rose 0.8 percent by 10:30 am ET. The top performer in this industry was Ryerson Holding Corp RYI, which gained 5.7 percent. Ryerson’s PEG ratio is 0.13.
  • Technical Services: The industry gained 0.7 percent by 10:30 am. The top performer in this industry was Jacobs Engineering Group Inc JEC, which gained 1.8 percent. Jacobs disclosed that it has won a contract for Vastly manufacturing plant in Chesterfield, Virginia.
  • Catalog & Mail Order Houses: This industry moved up 0.65 percent by 10:30 am. The top performer in this industry was Amazon.com, Inc. AMZN, which rose 1 percent. Nomura initiated coverage of Amazon.com with a Buy rating and $950 price target.
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