Top Performing Industries For October 18, 2016
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 (NYSE: 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 (NASDAQ: 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) (NYSE: 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 (NASDAQ: ETAK), which rose 7.2 percent.
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