Worst Performing Industries For December 2, 2016

The Dow fell 0.07 percent 19,177.72, while the NASDAQ composite index gained 0.21 percent to 5,262.16. The broader Standard & Poor's 500 index rose 0.18 percent to 2,195.08.

The worst performing industries in the market today are:

• Specialty Eateries: This industry slipped 2.4 percent by 11:00 am. The worst stock within the industry was Starbucks Corporation SBUX, which fell 2.4 percent. Starbucks disclosed that Howard Schultz will be stepping down as chief executive officer of the company. Kevin Johnson will takeover CEO duties on April 3, 2017.
• Investment Brokerage - Regional: This industry declined 1.3 percent by 11:00 am with Stifel Financial Corp SF moving down 1.5 percent. Stifel Financial shares have surged 12.48 percent over the past 52 weeks, while the S&P 500 index has increased 5.37 percent in the same period.
• Regional - Southeast Banks: The industry dropped 1.1 percent by 11:00 am. The worst performer in this industry was IBERIABANK Corp IBKC, which declined 2.4 percent. IBERIABANK priced 3.125 million shares at $81.50 per share.
• Regional - Mid-Atlantic Banks: This industry fell 1 percent by 11:00 am ET. Signature Bank SBNY shares dropped 2 percent in today's trading.