The Dow rose 1.23 percent to 16,350.22, while the NASDAQ composite index climbed 1.03 percent to 4,572.55. The broader Standard & Poor's 500 index gained 1.17 percent to 1,912.48.
The worst performing industries in the market today are:
Photographic Equipment & Supplies: This industry declined 16 percent by 11:00 am with GoPro Inc GPRO moving down 16 percent. GoPro issued disappointing fourth quarter guidance and announced a 7 percent reduction in its workforce.
Electronics Stores: The industry dropped 6.8 percent by 11:00 am. The worst performer in this industry was Appliance Recycling Centers of America ARCI, which declined 15 percent. Appliance Recycling Centers of America's trailing-twelve-month ROE is -20.45 percent.
Building Materials Wholesale: This industry slipped 2.9 percent by 11:00 am. The worst stock within the industry was Louisiana-Pacific Corporation LPX, which fell 2 percent. Louisiana-Pacific shares have surged 3.34 percent over the past 52 weeks, while the S&P 500 index has dropped 5.14 percent in the same period.
General Entertainment: This industry fell 1.9 percent by 11:00 am ET. SFX Entertainment Inc SFXE shares dropped 12 percent in today's trading.
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