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The Dow dropped 0.23% to 16,505.48, while the NASDAQ composite index fell 0.65% to 4,248.62. The broader Standard & Poor's 500 index fell 0.39% to 1,898.77.
The worst performing industries in the market today are:
Photographic Equipment & Supplies:
The industry dropped 10.20% by 10:45 am. The worst performer in this industry was GoPro
GPRO, which declined 10.2%. GoPro shares dropped 4.63% on Friday.
Music & Video Stores:
This industry fell 2.53% by 10:45 am ET. Netflix
NFLX shares dropped 3.1% in today's trading. Netflix is expected to report its Q3 earnings on October 15, 2014.
Diversified Computer Systems:
This industry tumbled 2.33% by 10:45 am. The worst stock within the industry was Hewlett-Packard Company
HPQ, which fell 2.8%. Bloomberg reported that Silver Lake Management LLC has decided not to pursue acquisitions of Shutterfly, as well as Snapfish from Hewlett-Packard, after failing to reach an agreement, according to a source.
Communication Equipment:
This industry declined 2.03% by 10:45 am, with Aerohive Networks
HIVE moving down 27%. Aerohive Networks lowered its Q3 outlook.
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