Top Narrow Based Indexes For August 13 (UNCA, SORL, BYI)
By 12:46 pm, the Dow Jones Industrial Average was up 6.59 points, or 0.06%, to 10,326.54, while the broader Standard & Poor's 500 index had lost 0.89 points, or 0.08%. The NASDAQ composite index fell 7.74 points, or 0.35%.
Some of the narrow based indexes that are supporting the market are General Business, Business Intelligence and Supply Chain Software Stocks, which have gained 2.2%, Chinese Auto Parts Stocks, up 2.2%, and Gaming and Slot-Machine Stocks, moving 1.5% higher as a group.
In Tickerspy's General Business, Business Intelligence and Supply Chain Software complex, Unica Corp (NASDAQ: UNCA) had surged 117.5%. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million, in a cash transaction, valuing UNCA at a premium of 120% to its previous session’s closing price.
The best performing Tickerspy Chinese Auto Parts stock has been SORL Auto Parts Inc (NASDAQ: SORL), which was up 5.6%. SORL had reported upbeat Q2 results, apart from issuing better-than-expected sales guidance for the third quarter.
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