Top Performing Industries For November 30, 2016
At 10:30 am, the Dow rose 0.30 percent to 19,178.20, the broader Standard & Poor's 500 index moved up 0.06 percent to 2,206.04 and the NASDAQ composite index dropped 0.41 percent to 5,357.99.
The industries that are supporting the market today are:
- Semiconductor - Specialized: This industry gained 8.2 percent by 10:30 am. The top stock within the industry was Sunrun Inc (NASDAQ: RUN), which gained 4.5 percent. Sunrun shares have dropped 24.96 percent over the past 52 weeks, while the S&P 500 index has gained 5.97 percent in the same period.
- Photographic Equipment & Supplies: This industry rose 4.5 percent by 10:30 am ET. The top performer in this industry was GoPro Inc (NASDAQ: GPRO), which gained 4.8 percent. GoPro naounced plans to cut workforce by 15 percent. The company estimated total aggregate charges of ~$24 million–$33 million for the restructuring and expects to recognize most of the charges in Q4 of 2016.
- Independent Oil & Gas: The industry gained 1.9 percent by 10:30 am. The top performer in this industry was Oasis Petroleum Inc. (NYSE: OAS) which gained 20 percent. Crude oil futures rose 7.5 percent to trade at $48.63 barrel.
- Oil & Gas Pipelines: This industry moved up 1.8 percent by 10:30 am. The top performer in this industry was SemGroup Corp (NYSE: SEMG), which rose 9 percent.
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