Market Overview

Top Performing Industries For August 29, 2016

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At 10:30 am, the Dow rose 0.46 percent to 18,480.49, the broader Standard & Poor's 500 index moved up 0.39 percent to 2,177.53 and the NASDAQ composite index gained 0.17 percent to 5,227.60.

The industries that are driving the market today are:

  • Nonmetallic Mineral Mining: This industry gained 2.3 percent by 10:30 am. The top stock within the industry was Foresight Energy LP (NYSE: FELP), which gained 9.3 percent. Foresight Energy shares have dropped 56.68 percent over the past 52 weeks, while the S&P 500 index has gained 9.98 percent in the same period.
  • Semiconductor- Memory Chips: This industry rose 2.1 percent by 10:30 am ET. The top performer in this industry was Micron Technology, Inc. (NASDAQ: MU), which gained 1.8 percent. Deutsche Bank raised the price target for Micron from $15 to $20.
  • Long Distance Carriers: The industry gained 1.7 percent by 10:30 am. The top performer in this industry was CPFL Energia S.A. (ADR) (NYSE: CPL), which gained 1.8 percent. CPFL Energia shares have surged 64.18 percent over the past 52 weeks, while the S&P 500 index has gained 9.98 percent in the same period.
  • Building Materials Wholesale: This industry moved up 1.4 percent by 10:30 am. The top performer in this industry was Louisiana-Pacific Corporation (NYSE: LPX), which rose 1.4 percent.
 

Related Articles (MU + FELP)

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Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers

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