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The Dow tumbled 0.19% to 16,110.46, while the NASDAQ composite index fell 0.35% to 4,200.57. The broader Standard & Poor's 500 index dropped 0.70% to 1,849.48.
The worst performing industries in the market today are:
Music & Video Stores:
The industry dropped 22.32% by 11:00 am. The worst performer in this industry was Netflix
NFLX, which declined 22%. Netflix issued a weak forecast for the fourth quarter. During the quarter, Netflix added 3.02 million subscribers, below prior outlook of 3.69 million additions.
Catalog & Mail Order Houses:
This industry fell 2.67% by 11:00 am ET. eBay
EBAY shares dropped 5.8% in today's trading. eBay reported upbeat third-quarter earnings, but issued a disappointing forecast. The company's revenue also missed analysts' estimates.
Toys & Games:
This industry tumbled 2.34% by 11:00 am. The worst stock within the industry was Mattel
MAT, which fell 3%. Mattel posted weaker-than-expected results for the third quarter.
Foreign Regional Banks:
This industry declined 2.15% by 11:00 am, with Deutsche Bank AG
DB moving down 3.5%. Deutsche Bank shares have dropped 35.57% over the past 52 weeks, while the S&P 500 index has gained 7.46% in the same period.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsMovers & ShakersIntraday UpdateMarketsConsumer DiscretionaryLeisure ProductsWorst Performing Industries
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