At 10:30 am, the Dow fell 0.10 percent to 18,209.74, the broader Standard & Poor's 500 index moved down 0.18 percent to 2,156.14
and the NASDAQ composite index declined 0.19 percent to 5,295.70.
The industries that are still afloat in the market today are:
-
Electronic Equipment: This industry gained 1 percent by 10:30 am. The top stock within the industry was Apple
Inc. (NASDAQ: AAPL), which gained 1 percent. Bank of
America Merrill Lynch reiterated a Buy rating on Apple, with a price objective of $125.
-
Metal Fabrication: This industry rose 0.8 percent by 10:30 am ET. The top performer in this industry was Ryerson
Holding Corp (NYSE: RYI), which gained 5.7 percent.
Ryerson’s PEG ratio is 0.13.
-
Technical Services: The industry gained 0.7 percent by 10:30 am. The top performer in this industry was Jacobs
Engineering Group Inc (NYSE: JEC), which gained 1.8
percent. Jacobs disclosed that it has won a contract for Vastly manufacturing plant in Chesterfield, Virginia.
-
Catalog & Mail Order Houses: This industry moved up 0.65 percent by 10:30 am. The top performer in this industry was
Amazon.com, Inc. (NASDAQ: AMZN), which rose 1
percent. Nomura initiated coverage of Amazon.com with a Buy rating and $950 price target.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.