Worst Performing Industries For December 23, 2015
The Dow rose 0.80 percent to 17,556.11, while the NASDAQ composite index climbed 0.65 percent to 5,033.50. The broader Standard & Poor's 500 index gained 0.88 percent to 2,056.92.
The worst performing industries in the market today are:
Home Furnishing Stores: This industry declined 1.6 percent by 11:00 am with Bed Bath & Beyond Inc. (NASDAQ: BBBY) moving down 3.9 percent. Bed Bath & Beyond lowered its earnings outlook for the third quarter.
Investment Brokerage - Regional: The industry dropped 1.2 percent by 11:00 am. The worst performer in this industry was Raymond James Financial, Inc. (NYSE: RJF), which declined 2.2 percent. Raymond James reported that client AUM grew 4% year-over-year to $505.9 billion in November.
Entertainment - Diversified: This industry tumbled 0.8 percent by 11:00 am. The worst stock within the industry was Walt Disney Co (NYSE: DIS), which fell 1.7 percent. Disney is in talks to exit Fusion joint venture with Univision, the Wall Street Journal reported.
Regional Airlines: This industry fell 0.7 percent by 11:00 am ET. Allegiant Travel Company (NASDAQ: ALGT) shares dropped 1.4 percent in today's trading.
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