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The Dow dropped 1.09% to 16,857.43, while the NASDAQ composite index fell 1.11% to 4,443.45. The broader Standard & Poor's 500 index fell 0.80% to 1,956.57.
The worst performing industries in the market today are:
Photographic Equipment & Supplies:
The industry dropped 4.57% by 12:10 pm. The worst performer in this industry was GoPro
GPRO, which declined 3.4%. GoPro's PEG ratio is 3.35.
Wholesale, Other:
This industry declined 2.38% by 12:10 pm, with United Stationers
USTR moving down 2.3%. United Stationers is expected to report Q3 results on October 22, 2014.
Regional Airlines:
This industry fell 2.09% by 12:10 pm ET. Gol Linhas Aéreas Inteligentes SA
GOL shares dropped 3.5% in today's trading. Gol Linhas Aéreas Inteligentes shares have dropped 3.61% over the past 52 weeks, while the S&P 500 index has gained 16.44% in the same period.
Dairy Products:
This industry tumbled 2.06% by 12:10 pm. The worst stock within the industry was Dean Foods Company
DF, which fell 3%. Analysts at BB&T Capital downgraded Dean Foods from Buy to Hold.
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