Top Performing Industries For May 16 (SNDK, SLW, CTEK, LEXG)

At 10:12 am, the Dow fell 0.11% to 12,582.43, the broader Standard & Poor's 500 index moved up 0.06% to 1,338.58 and the NASDAQ composite index dropped 0.28% to 2,820.59. The industries that are supporting the market today are: Semiconductor- Memory Chips: This industry jumped 1.22% by 10:12 am. The top stock within the industry was SanDisk Corporation SNDK, which rose 4.7%. SNDK announced its plans to acquire Pliant Technology Inc for approximately $327 million in cash. Silver: This industry rose 1.15% by 10:12 am ET. The top performer in this industry was Silver Wheaton Corp SLW, which gained 2.4%. SLW's trailing-twelve-month profit margin is 72.98%. Diversified Machinery: This industry moved up 1.01% by 10:12 am, with CleanTech Innovations Inc CTEK moving up 20.5% to gain the top spot. CTEK reported about 1,600% y/y jump in its Q1 revenue. Industrial Metals & Minerals: The industry, which gained 0.80%, saw Lithium Exploration LEXG as the top gainer. LEXG's shares rose 12.8%. LEXG's 52-week trading range is $0.12-$10.68. Read more from Benzinga's Markets.