Top Narrow Based Indexes For August 3 (OPLK, SOLF, IPGP)

By 1:47 pm, the Dow Jones Industrial Average was down 26.57 points, or 0.24%, to 10,647.81, while the broader Standard & Poor's 500 index had lost 3.99 points, or 0.35%. The NASDAQ composite index fell 9.12 points, or 0.40%. Some of the narrow based indexes supporting the markets are Optical Networking Stocks, which have gained 4.4%, Chinese Solar Stocks, up 2.9%, and Laser Stocks, moving 2.5% higher as a group. In Tickerspy's Optical Networking complex, Oplink Communications Inc OPLK had surged 14.9%. OPLK had reported a strong rise in its Q4 results, apart from issuing Q1 projections higher than the consensus. The best performing Tickerspy Chinese Solar stock has been Solarfun Power Holdings Co Ltd SOLF, which was up 8%. Hanwha Chemical has agreed to buy a 49.99% stake in SOLF. Solarfun Power has also reported better-than-expected Q2 revenue. IPG Photonics Corporation IPGP is today’s leading Tickerspy's Laser stock, gaining 13.9%. IPGP has posted better-than-expected Q2 results. Read more from Benzinga's Company news.