Top Performing Industries For August 2 (WLT, MTL, FTK, DAL)

At 2:10 pm, the Dow gained 1.80% to 10,654.32, the broader Standard & Poor's 500 index moved up 1.97% to 1,123.33 and the NASDAQ composite index rose 1.65% to 2,292.01. The industries that are driving the market today are: Industrial Metals & Minerals: This industry jumped 4.35% by 2:10 pm. The top stock within the industry was Walter Energy Inc WLT, which rose 7.69%. WLT has reported strong year-over-year rise in its Q2 net income. Steel & Iron: This industry rose 4.23% by 2:10 pm ET. The top performer in this industry was Mechel OAO MTL, which gained 8.17%. MTL’s quarterly revenue jumped 61.10% y/y. Oil & Gas Equipment & Services: This industry moved up 4.12% by 2:10 pm, with Flotek Industries Inc FTK moving up 17.09% to gain the top spot. FTK’s shares have dipped 37.77% over the past 52 weeks, while the S&P 500 index has gained 11.56% in the same period. Major Airlines: The industry, which gained 4.04%, saw Delta Air Lines Inc DAL as the top gainer. DAL’s shares rose 6.99%. Analysts at Dahlman Rose initiated coverage of DAL with a “buy” rating. Read more from Benzinga's Company news.