Top Performing Industries For October 18, 2016

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At 10:30 am, the Dow rose 0.41 percent to 18,160.54, the broader Standard & Poor's 500 index moved up 0.58 percent to 2,138.73 and the NASDAQ composite index climbed 0.93 percent to 5,248.31.

The industries that are driving the market today are:

  • Foreign Money Center Banks: This industry gained 1.9 percent by 10:30 am. The top stock within the industry was Royal Bank of Scotland Group PLC RBS, which gained 4.5 percent. Royal Bank of Scotland shares have dropped 57.87 percent over the past 52 weeks, while the S&P 500 index has increased 4.57 percent in the same period.
  • General Entertainment: This industry rose 1.8 percent by 10:30 am ET. The top performer in this industry was MakeMyTrip Limited MMYT, which gained 46 percent. India-based MakeMyTrip announced plans to buy ibibo Group.
  • Foreign Regional Banks: The industry gained 1.7 percent by 10:30 am. The top performer in this industry was Shinhan Financial Group Co., Ltd. (ADR) SHG, which gained 4.2 percent. Shinhan Financial shares have declined 1.88 percent over the past 52 weeks, while the S&P 500 index has gained 4.57 percent in the same period.
  • Long Distance Carriers: This industry moved up 1.7 percent by 10:30 am. The top performer in this industry was Elephant Talk Communications Corp ETAK, which rose 7.2 percent.
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Posted In: NewsIntraday UpdateMarketsMoversTop Performing Industries
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