Worst Performing Industries For August 26, 2016
The Dow rose 0.50 percent to 18,540.28, while the NASDAQ composite index rose 0.61 percent to 5,243.89. The broader Standard & Poor's 500 index gained 0.53 percent to 2,184.08.
The worst performing industries in the market today are:
- Auto Parts Stores: This industry slipped 1.2 percent by 11:00 am. The worst stock within the industry was AutoZone, Inc. (NYSE: AZO), which fell 1.3 percent. Susquehanna initiated coverage on AutoZone with a Neutral rating.
- Electronics Stores: This industry declined 1.1 percent by 11:00 am with GameStop Corp. (NYSE: GME) moving down 8.1 percent. GameStop reported in-line earnings for its second quarter, but revenues missed by $90 million.
- Home Furnishing Stores: This industry fell 0.9 percent by 11:00 am ET. Restoration Hardware Holdings Inc (NYSE: RH) shares dropped 2 percent in today's trading. Restoration Hardware shares have declined 63.05 percent over the past 52 weeks, while the S&P 500 index has gained 11.95 percent in the same period.
- Drug Stores: The industry dropped 0.8 percent by 11:00 am. The worst performer in this industry was Walgreens Boots Alliance Inc (NASDAQ: WBA), which declined 1 percent.
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