Market Overview

Worst Performing Industries For August 28, 2014

Related WSM
Morgan Stanley's Home Furnishing Survey: Overall Healthy Trends Continue, Mixed Results For Retailers
Citigroup: Best Buy 'Clear Winner' On Black Friday
Retail Promotion's Double Life (Fox Business)
Related SKY
Worst Performing Industries For October 7, 2014
Top Performing Industries For August 19, 2014

The Dow dropped 0.32% to 17,066.50, while the NASDAQ composite index fell 0.27% to 4,557.21. The broader Standard & Poor's 500 index declined 0.23% to 1,995.58.

The worst performing industries in the market today are:

Home Furnishing Stores:

This industry tumbled 4.30% by 11:00 am. The worst stock within the industry was Williams-Sonoma (NYSE: WSM), which fell 10.7%. Williams-Sonoma issued a downbeat third-quarter earnings forecast. However, the company reported in-line earnings for the second quarter. Analysts at Morgan Stanley downgraded Williams-Sonoma from Overweight to Equalweight and lowered the target price from $82 to $74.

Manufactured Housing:

The industry dropped 1.10% by 11:00 am. The worst performer in this industry was Skyline (NYSE: SKY), which declined 0.7%. Skyline's trailing-twelve-month profit margin is -6.19%.

General Entertainment:

This industry declined 1.09% by 11:00 am, with Carnival plc (NYSE: CUK) moving down 1.6%. Carnival shares have gained 0.50% over the past 52 weeks, while the S&P 500 index has jumped 22.33% in the same period.

Diversified Computer Systems:

This industry fell 1.07% by 11:00 am ET. Cray (NASDAQ: CRAY) shares dropped 2.4% in today's trading. Cray's PEG ratio is 1.90.

Posted-In: Worst Performing IndustriesNews Movers & Shakers Intraday Update Markets

 

Related Articles (CRAY + CUK)

Around the Web, We're Loving...

Get Benzinga's Newsletters