Top Performing Industries For August 23, 2016

At 10:30 am, the Dow rose 0.37 percent to 18,597.70, the broader Standard & Poor's 500 index moved up 0.42 percent to 2,191.87 and the NASDAQ composite index climbed 0.49 percent to 5,270.50.

The industries that are driving the market today are:

• Electronics Stores: This industry gained 12 percent by 10:30 am. The top stock within the industry was Best Buy Co Inc BBY, which gained 16.4 percent. Best Buy reported stronger-than-expected results for its second quarter on Tuesday.
• Foreign Money Center Banks: This industry rose 2.1 percent by 10:30 am ET. The top performer in this industry was Royal Bank of Scotland Group PLC RBS, which gained 4.4 percent. Royal Bank of Scotland shares have dropped 48.23 percent over the past 52 weeks, while the S&P 500 index has gained 15.29 percent in the same period.
• Long Distance Carriers: The industry gained 2 percent by 10:30 am. The top performer in this industry was General Communication, Inc. GNCMA, which gained 2.6 percent. General Communication shares have declined 22.60 percent over the past 52 weeks, while the S&P 500 index has gained 15.29 percent in the same period.
• Home Furnishing Stores: This industry moved up 1.9 percent by 10:30 am. The top performer in this industry was Restoration Hardware Holdings Inc RH, which rose 2.6 percent.