Worst Performing Industries For August 28, 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.
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%.
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.