At 1:22 p.m., Dow lost 56.38, or 0.52%, to 10,722.79, while the broader Standard & Poor's 500 index fell 6.66, or 0.57%, to 1,159.16. The Nasdaq composite index moved down 21.11, or 0.88%, to 2370.17.
The industries that are driving the market today are:
Health Care Plans: The top gainer of the day, this industry added 2.11% by 1:22 pm. The top gainer within the industry was Centene Corporation (NYSE: CNC), which jumped 4.55%. CNC’s quarterly revenue growth stands at 20.70% y/y. Read more about this company here.
Beverages - Soft Drinks: This industry climbed 0.97% by 1:22 p.m. ET. The top performer in this industry was Hansen Natural Corporation (NASDAQ: HANS), which added 1.99%. HANS’ trailing-twelve-months return on equity stands at 40.87%. Read more about this company here.
Photographic Equipment & Supplies: This industry moved up 0.91% by 1:22 pm, with Canon Inc (NYSE: CAJ) climbing 1.23% to gain the top spot. Canon U.S.A. has joined forces with fashion label, LeSportsac, to offer an exclusively designed PowerShot camera carrying case. Read more about this company here.
Electronics Stores: The industry, which rose by 0.89%, has the top gainer in the form of Best Buy Co Inc (NYSE: BBY). BBY gained 1.72% to trade at $41.15 by 1:43 pm. Analysts at Goldman Sachs upgraded BBY ahead of the electronics retailer's Q4 earnings report next week on an improving product cycle and economic environment. Read more about this company here.
Drug Manufacturers - Other: This industry gained 0.89% and has the top performer in the form of Gentium Spa (NASDAQ: GENT). GENT’s shares jumped 43.56% to trade at $2.34 by 1:26 pm. GENT’s quarterly revenue growth stands at 35.20% y/y. Read more about this company here.