The Dow fell 0.52 percent to 17,639.76, while the NASDAQ composite index declined 0.42 percent to 4,828.30. The broader Standard & Poor's 500 index dropped 0.47 percent to 2,069.30.
The worst performing industries in the market today are:
Drug Manufacturers - Other: This industry slipped 2.2 percent by 11:00 am. The worst stock within the industry was Novo Nordisk A/S (ADR) NVO, which fell 4.9 percent. Novo Nordisk reported that its diabetes drug Victoza significantly reduced the risk of cardiovascular death, heart attack or non-fatal stroke by 13 percent in a trial.
Publishing - Books: This industry declined 2 percent by 11:00 am with John Wiley & Sons Inc JW moving down 6.4 percent. John Wiley & Sons posted adjusted Q4 earnings of $0.67 per share on revenue of $434.3 million.
Silver: This industry fell 1.7 percent by 11:00 am ET. Endeavour Silver Corp EXK shares dropped 4.2 percent in today's trading. Silver futures declined 0.4 percent to trade at $17.38 an ounce.
Foreign Money Center Banks: The industry dropped 1.5 percent by 11:00 am. The worst performer in this industry was Lloyds Banking Group PLC (ADR) LYG, which declined 2.7 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
