Monday, November 20, 2017
Business

Florida stocks outpace S&P 500 for second quarter

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Florida's top 50 stocks surpassed the S&P 500 for the year's second quarter. The University of Miami's Florida 50 index went up 7.2 percent, 4.63 percent above the S&P 500 and 4.74 percent over the S&P 1500. The Miami index is often used as an indicator for the health of the state's economy.

In a release, the University of Miami's business school attributed the outpacing to the performance of companies such as Carnival, Royal Caribbean and Darden Restaurants.

The highest-performing stocks included PetMed Express, which increased by 103 percent, ILG, which rose 32 percent and Tampa's WellCare Health Plans, which climbed 28 percent. Also in the top 10 stocks was Tampa-based Sykes Enterprises Inc., which gained 14.05 percent.

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