Top Performing Industries For November 14, 2016
At 10:30 am, the Dow rose 0.16 percent to 18,877.76, the broader Standard & Poor's 500 index moved up 0.04 percent to 2,165.29 and the NASDAQ composite index dropped 0.23 percent to 5,225.18.
The industries that are supporting the market today are:
- Regional - Southeast Banks: This industry gained 4 percent by 10:30 am. The top stock within the industry was Regions Financial Corp (NYSE: RF), which gained 7 percent. FBR Capital upgraded Regions Financial from Market Perform to Outperform.
- Regional - Pacific Banks: This industry rose 3.8 percent by 10:30 am ET. The top performer in this industry was Preferred Bank (NASDAQ: PFBC), which gained 6.5 percent. Preferred Bank shares have surged 20.12 percent over the past 52 weeks, while the S&P 500 index has gained 5.42 percent in the same period.
- Regional - Southwest Banks: The industry gained 3.5 percent by 10:30 am. The top performer in this industry was First Financial Bankshares Inc (NASDAQ: FFIN) which gained 6.2 percent. First Financial Bankshares shares have climbed 26.61 percent over the past 52 weeks, while the S&P 500 index has gained 5.42 percent in the same period.
- Investment Brokerage - Regional: This industry moved up 3.4 percent by 10:30 am. The top performer in this industry was Greenhill & Co., Inc. (NYSE: GHL), which rose 5 percent.
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