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At 11:49 am, Dow lost 2.72 points, or 0.03%, to 10,623.11, while the broader Standard & Poor's 500 index fell 2.73 points, or 0.24%. The Nasdaq composite index has also slipped 17.23 points, or 0.73%.
The industries that are helping the market keep afloat today are:
Manufactured Housing: The top gainer of the day, this industry added 3.25% by 11:30 am. The top performer in this industry, Nobility Homes Inc
NOBH, rose by 8.86%. NOBH designs, manufactures and sells a line of manufactured homes in Florida, under the trade names of Kingswood, Springwood, Tropic Isle Special, etc.
Resorts & Casinos: This industry climbed 3.02% by 11:30 am. The top gainer within the industry was Boyd Gaming Corp
BYD, which added 11.10%. Paulson & Company hedge fund, run by the billionaire sub-prime short seller John Paulson, has bought 4 million shares of the regional casino operator BYD.
Telecom Services - Foreign: This industry moved up 2.19% by 11:30 am, with Telefonica SA
climbing 2.82% to gain the top spot. TEF’s European and Latin American operations helped offset a drop in revenue at home, which led the Spain company to post a record 2% rise in Q1 profits.
Cement: The industry, which rose 2.15%, has the top gainer in the form of Ready Mix Inc
RMX, which gained 4.42%. RMX manufactures and markets construction materials and offers dry batched ready-mix concrete, sand and gravel products.
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Posted In: EarningsNewsIntraday UpdateMarketsMoversCasinos & GamingConstruction MaterialsConsumer DiscretionaryHomebuildingIntegrated Telecommunication ServicesJohn PaulsonMaterialsPaulson & CompanyTelecommunication ServicesTop Performing Industries
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