Top Performing Industries For August 29, 2016

At 10:30 am, the Dow rose 0.46 percent to 18,480.49, the broader Standard & Poor's 500 index moved up 0.39 percent to 2,177.53 and the NASDAQ composite index gained 0.17 percent to 5,227.60.

The industries that are driving the market today are:

• Nonmetallic Mineral Mining: This industry gained 2.3 percent by 10:30 am. The top stock within the industry was Foresight Energy LP FELP, which gained 9.3 percent. Foresight Energy shares have dropped 56.68 percent over the past 52 weeks, while the S&P 500 index has gained 9.98 percent in the same period.
• Semiconductor- Memory Chips: This industry rose 2.1 percent by 10:30 am ET. The top performer in this industry was Micron Technology, Inc. MU, which gained 1.8 percent. Deutsche Bank raised the price target for Micron from $15 to $20.
• Long Distance Carriers: The industry gained 1.7 percent by 10:30 am. The top performer in this industry was CPFL Energia S.A. (ADR) CPL, which gained 1.8 percent. CPFL Energia shares have surged 64.18 percent over the past 52 weeks, while the S&P 500 index has gained 9.98 percent in the same period.
• Building Materials Wholesale: This industry moved up 1.4 percent by 10:30 am. The top performer in this industry was Louisiana-Pacific Corporation LPX, which rose 1.4 percent.