Top Performing Industries For October 9, 2014
At 10:55 am, the Dow dropped 0.78% to 16,862.34, the broader Standard & Poor's 500 index moved down 0.75% to 1,954.13 and the NASDAQ composite index fell 0.65% to 4,439.68.
The industries that are still afloat in the market today are:
Home Health Care: The industry gained 1.97% by 10:55 am. The top performer in this industry was Gentiva Health Services (NASDAQ: GTIV), which gained 16%. Kindred Healthcare (NYSE: KND) announced its plans to acquire Gentiva for $19.50 per share in a combination of cash and stock.
Drug Related Products: This industry moved up 1.16% by 10:55 am. The top performer in this industry was Auxilium Pharmaceuticals (NASDAQ: AUXL), which gained 10.4%. Endo International (NASDAQ: ENDP) announced its plans to acquire Auxilium Pharma in a cash and stock deal for $2.6 billion.
Beverages - Soft Drinks: This industry jumped 0.77% by 10:55 am. The top performer in this industry was Pepsico (NYSE: PEP), which rose 1.3%. Pepsico reported better-than-expected third-quarter earnings and lifted its earnings forecast for the year.
Basic Materials Wholesale: This industry rose 0.74% by 10:55 am ET. The top performer in this industry was Macquarie Infrastructure Company LLC (NYSE: MIC), which gained 0.7%. Macquarie Infrastructure Company is expected to post Q3 financial results on October 29, 2014.
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