Market Overview

Top Performing Industries For May 5 (JOE, DAL, TJX, DDE, FDO)

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At 11:55 am, Dow surged 10.50 points, or 0.10%, to 10,937.27 and the broader Standard & Poor's 500 index gained 1.42 points, or 0.12%. Meanwhile, the Nasdaq composite index has slipped -3.81 points, or 0.16%.

The industries that are helping the market keep afloat today are:

Real Estate Development: The top gainer of the day, this industry added 2.73% by 11:39 am. The top performer in this industry, St. Joe Company (NYSE: JOE), rose by 5.76% as the company has narrowed its losses for Q1.

Major Airlines: This industry climbed 1.65% by 11:39 am. The top gainer within the industry, Delta Air Lines Inc (NYSE: DAL), added 4.51%. DAL announced today that it will waive the first checked-bag fee for customers who have a Delta SkyMiles Credit Card.

Department Stores: This industry moved up 1.62% by 11:39 am, with TJX Companies Inc (NYSE: TJX) climbing 3.17% to gain the top spot. Deutsche Bank initiated coverage of TJX with a “buy” rating.

Gaming Activities: The industry, which rose 1.51%, has the top gainer in the form of Dover Downs Gaming & Entertainment (NYSE: DDE). DDE is a US gaming and entertainment company.

Discount, Variety Stores: This industry climbed 1.28% by 11:39 am. The top performer in this industry was Family Dollar Stores Inc (NYSE: FDO), which added 2.21%. FDO has a chain of self-service retail discount stores for low to lower-middle income consumers in the US.

Read more from Benzinga's Markets.

Posted-In: Deutsche BankEarnings News Initiation Intraday Update Markets Analyst Ratings Movers

 

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