At 11:36 am, the Dow soared 35.14 points, or 0.34%, to 10,477.55, the broader Standard & Poor's 500 index moved up 3.30, or 0.30%, to 1,116.50 and the NASDAQ composite index gained 19.87, or 0.87%, to 2308.96.
The industries that are driving the market today are:
Office Supplies: The top gainer of the day, this industry added 4.15% by 11:36 am. The top gainer within the industry was Acco Brands Corporation ABD, which jumped 6.10%. ABD designs, develops, manufactures and markets traditional and computer-related office products and supplies principally to North America, Europe and Australia.
Home Health Care: This industry climbed 3.80% by 11:36 am ET. The top performer in this industry was Lincare Holdings Inc LNCR, which added 8.26%. Analysts at Deutsche Bank upgraded LNCR from “hold” to “buy.”
Investment Brokerage - Regional: This industry moved up 3.15% by 11:36 am, with Jefferies Group Inc JEF climbing 9.01% to gain the top spot. JEF’s net income for the fiscal second quarter jumped 37%, beating Wall Street expectations due to high investment banking revenues.
Telecom Services - Foreign: The industry, which rose by 2.74%, saw Tele Norte Leste Participacoes TNE as the top gainer. TNE’s shares gained 4.30% to trade at $16.50. TNE’s quarterly earnings growth is 4,473.30% y/y.
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