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The Dow dropped 0.32% to 17,066.50, while the NASDAQ composite index fell 0.27% to 4,557.21. The broader Standard & Poor's 500 index declined 0.23% to 1,995.58.
The worst performing industries in the market today are:
Home Furnishing Stores:
This industry tumbled 4.30% by 11:00 am. The worst stock within the industry was Williams-Sonoma
WSM, which fell 10.7%. Williams-Sonoma issued a downbeat third-quarter earnings forecast. However, the company reported in-line earnings for the second quarter. Analysts at Morgan Stanley downgraded Williams-Sonoma from Overweight to Equalweight and lowered the target price from $82 to $74.
Manufactured Housing:
The industry dropped 1.10% by 11:00 am. The worst performer in this industry was Skyline
SKY, which declined 0.7%. Skyline's trailing-twelve-month profit margin is -6.19%.
General Entertainment:
This industry declined 1.09% by 11:00 am, with Carnival plc
CUK moving down 1.6%. Carnival shares have gained 0.50% over the past 52 weeks, while the S&P 500 index has jumped 22.33% in the same period.
Diversified Computer Systems:
This industry fell 1.07% by 11:00 am ET. Cray
CRAY shares dropped 2.4% in today's trading. Cray's PEG ratio is 1.90.
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