Market Overview

Top Performing Industries For May 18, 2016

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At 10:30 am, the Dow rose 0.31 percent to 17,584.53, the broader Standard & Poor's 500 index moved up 0.36 percent to 2,054.64 and the NASDAQ composite index rose 0.79 percent to 4,752.96.

The industries that are driving the market today are:

Drug Related Products: This industry gained 2.7 percent by 10:30 am. The top performer in this industry was Perrigo Company plc (NYSE: PRGO), which rose 3.4 percent. Perrigo shares have dropped 54.29 percent over the past 52 weeks, while the S&P 500 index has slipped 3.70 percent in the same period.

Investment Brokerage - Regional: This industry rose 2.6 percent by 10:30 am ET. The top performer in this industry was Stifel Financial Corp (NYSE: SF), which gained 3.9 percent. Stifel Financial's PEG ratio is 1.63.

Regional - Southeast Banks: The industry gained 2.5 percent by 10:30 am. The top performer in this industry was EverBank Financial Corp (NYSE: EVER), which gained 4.3 percent. Sandler O'Neill upgraded EverBank Financial from Hold to Buy.

Regional - Southwest Banks: This industry moved up 2.4 percent by 10:30 am. The top performer in this industry was Texas Capital Bancshares Inc (NASDAQ: TCBI), which rose 4.9 percent.

Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers

 

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