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The Dow fell 0.34 percent to 17,671.02, while the NASDAQ composite index slipped 0.14 percent to 5,139.06. The broader Standard & Poor's 500 index dropped 0.37 percent to 2,094.32.
The worst performing industries in the market today are:
Consumer Finance: This industry declined 4.7 percent by 11:00 am with
Capital One Financial Corp.COF moving down 11.9 percent. Capital One Financial reported downbeat Q2 earnings.
Biotechnology: The industry dropped 3.6 percent by 11:00 am. The worst performer in this industry was
Sunesis Pharmaceuticals, Inc. SNSS, which declined 71 percent. Sunesis Pharmaceuticals issued a regulatory update. The company has been informed that the FDA will not support recent Vosaroxin filing.
Metals & Mining: This industry tumbled 2.2 percent by 11:00 am. The worst stock within the industry was
Cliffs Natural Resources Inc CLF, which fell 10.4 percent. Cliffs Natural shares have dropped 81.57 percent over the past 52 weeks, while the S&P 500 index has gained 5.74 percent in the same period.
Semiconductors & Semiconductor Equipment: This industry fell 1.7 percent by 11:00 am ET.
PMC-Sierra Inc PMCS shares dropped 12.3 percent in today's trading. PMC-Sierra reported Q2 earnings of $0.04 per share on revenue of $124.8 million.
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