At 1:38 pm, Dow plunged 210.25 points, or 1.95%, to 10,572.70, while the broader Standard & Poor's 500 index fell 27.59 points or 2.38%. The Nasdaq composite index has also slipped 63.45 points or 2.65%.
While most of the industries are in red today, the top four industries are:
Internet Service Providers: The top gainer of the day, this industry added 6.28% by 1:18 pm. The top performer in this industry, GlobalSCAPE Inc GSB, rose by 17.69%. GSB’s revenue for the fiscal Q1 jumped 37% year-over-year.
Discount, Variety Stores: This industry climbed 0.07% by 1:18 pm. The top gainer within the industry, Costco Wholesale Corp COST, added 0.69%. COST operates membership warehouses, which provide a variety of branded and private label products in no-frills, self-service warehouse facilities.
Auto Parts Stores: Although this industry was down 0.16% by 1:18 pm, AutoZone Inc AZO climbed 0.61% to gain the top spot. Wedbush Morgan upgraded AZO from “underperform” to “neutral.”
Home Improvement Stores: The industry, which dropped 0.45%, has Home Depot Inc HD as the stock that has lost the least. HD, which was down 0.65% to $35.04 by 1.18 pm, had been upgraded by Oppenheimer from “perform” to “outperform.”
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Posted In: EarningsNewsUpgradesIntraday UpdateMarketsAnalyst RatingsMoversAutomotive RetailConsumer DiscretionaryConsumer StaplesHome Improvement RetailHypermarkets & Super CentersInformation TechnologyInternet Software & ServicesOppenheimerTop Performing IndustriesWedbush Morgan
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