Market Overview

Top Performing Industries For June 8 (SSRI, EGI, SCCO, RMCF)


At 11:11 a.m., Dow lost 31.06, or 0.32%, to 9,785.43, while the broader Standard & Poor's 500 index dipped 5.92, or 0.56%, to 1,044.55. The NASDAQ composite index fell 29.49, or 1.36%, to 2,144.41.

The industries that are driving the market today are:

Silver: The top gainer of the day, this industry added 2.66% by 11:11 am. The top gainer within the industry was Silver Standard Resources Inc (NASDAQ: SSRI), which jumped 5.42%. SSRI has reported on the ramp-up progress at its Pirquitas Mine in Argentina. The mine is on track to produce 7 million ounces of silver, forecasted for 2010.

Gold: This industry climbed 2.19% by 11:11a.m. ET. The top performer in this industry was Entree Gold Inc (AMEX: EGI), which added 4.40%. EGI has started drilling on the Blackjack and Roulette copper projects in Nevada.

Copper: This industry moved up 2.15% by 11:11 am, with Southern Copper Corporation (NYSE: SCCO) climbing 3.12% to gain the top spot. SCCO’s quarterly earnings growth is 387.00% y/y.

Confectioners: The industry, which rose by 1.65%, has the top gainer in the form of Rocky Mountain Chocolate Factor (NASDAQ: RMCF). RMCF gained 1.52% to trade at $9.34. RMCF’s trailing-twelve-month operating margin is 19.85%.

Read more from Benzinga's Markets.

Posted-In: Top Performing IndustriesLong Ideas News Markets Trading Ideas


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