Worst Performing Industries For August 14, 2015
The Dow rose 0.21 percent to 17,445.03, while the NASDAQ composite index rose 0.01 percent to 5,033.81. The broader Standard & Poor's 500 index gained 0.15 percent to 2,086.53.
The worst performing industries in the market today are:
Semiconductor - Integrated Circuits: This industry declined 0.7 percent by 11:00 am with Applied Micro Circuits Corporation (NASDAQ: AMCC) moving down 4.8 percent. Applied Micro announced the resignation of its CFO Douglas Ahrens.
Regional - Midwest Banks: The industry dropped 0.6 percent by 11:00 am. The worst performer in this industry was German American Bancorp., Inc. (NASDAQ: GABC), which declined 0.45 percent. German American Bancorp shares have surged 10.77 percent over the past 52 weeks, while the S&P 500 index has gained 6.56 percent in the same period.
Drug Related Products: This industry tumbled 0.6 percent by 11:00 am. The worst stock within the industry was USANA Health Sciences, Inc. (NYSE: USNA), which fell 2 percent. USANA Health's trailing-twelve-month profit margin is 9.85 percent.
Telecom Services - Foreign: This industry fell 0.5 percent by 11:00 am ET. Telefonica S.A. (ADR) (NYSE: TEF) shares dropped 1 percent in today's trading. Telefonica's PEG ratio is -3.29.
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