Market Overview

Top Performing Industries For October 9, 2014

Share:
Related GTIV
Top 4 Small-Cap Stocks In The Home Health Care Industry With The Highest Gross Margin
Benzinga's M&A Chatter for Thursday October 9, 2014
Related KND
Mid-Afternoon Market Update: Crude Oil Down 3.5%; Thor Industries Shares Surge On Earnings Beat
Mid-Day Market Update: U.S. Stocks Turn Higher; Nivalis Therapeutics Shares Tumble After Failed Drug Trial
Smith, Graham & Co., Investment Advisors, LP Buys Banc of California Inc, Matrix Service ... (GuruFocus)

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.

Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers

 

Related Articles (AUXL + ENDP)

View Comments and Join the Discussion!