At 10:22 am, the Dow fell 0.36% to 11,782.91, the broader Standard & Poor's 500 index moved down 0.42% to 1,276.58 and the NASDAQ composite index dropped 0.79% to 2,703.70.
The industries that are still afloat in the market today are:
Drug Related Products: This industry jumped 2.81% by 10:22 am. The top stock within the industry was Perrigo Company (NASDAQ:
PRGO), which rose 7.4%. PRGO announced its plans to purchase Paddock Laboratories Inc for $540 million.
Home Improvement Stores: This industry rose 2.45% by 10:22 am ET. The top performer in this industry was Lowe's Companies Inc (NYSE:
LOW), which gained 3.1%. LOW's PEG ratio is 1.20.
Investment Brokerage - Regional: This industry moved up 2.19% by 10:22 am, with Raymond James Financial Inc (NYSE:
RJF) moving up 6.6% to gain the top spot. RJF reported 90% y/y jump in its FQ1 net income.
Sporting Goods Stores: The industry, which gained 1.48%, saw Hibbett Sports Inc (NASDAQ:
HIBB) as the top gainer. HIBB's shares rose 2%. HIBB's trailing-twelve-month ROE is 26.17%.
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