Top Narrow Based Indexes For May 31

By 11:00 am, the Dow Jones Industrial Average was up 62.74 points, or 0.50%, to 12,504.32, while the broader Standard & Poor's 500 index had gained 6.64 points, or 0.50%. The NASDAQ composite index rose 14.19 points, or 0.51%. Some of the narrow based indexes that are driving the markets are Chinese Solar Stocks, which have gained 4.3%, Chinese IT Stocks, up 3.3%, and Chinese Oil and Gas Stocks, moving 2.9% higher as a group. In Tickerspy's Chinese Solar complex, Yingli Green Energy Holding Co Ltd YGE had surged 7.8%. YGE's PEG ratio is 0.34. The best performing Tickerspy Chinese IT stock has been Camelot Information Systems CIS, which was up 7.8%. Steadfast Capital reported 5.12% passive stake in CIS. Sinopec Shanghai Petrochemical Co Ltd SHI is today's leading Tickerspy's Chinese Oil and Gas stock, gaining 3.9%. SHI's trailing-twelve-month revenue is $12.85 billion. Read more from Benzinga's Markets.
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