Market Overview

Worst Performing Industries For October 21, 2014

Share:

The Dow surged 0.58% to 16,494.35, while the NASDAQ composite index rose 1.58% to 4,384.29. The broader Standard & Poor's 500 index gained 1.20% to 1,926.76.

The worst performing industries in the market today are:

Nonmetallic Mineral Mining:

The industry dropped 0.74% by 11:05 am. The worst performer in this industry was Rhino Resource Partners LP (NYSE: RNO), which declined 57%. Rhino Resource lowered its Q3 distribution to $0.05 per unit from $0.445 per unit. Raymond James downgraded Rhino Resource Partners from Outperform to Underperform.

Foreign Regional Banks:

This industry fell 0.56% by 11:05 am ET. Banco Bradesco S.A. (NYSE: BBD) shares dropped 5% in today's trading. Banco Bradesco shares have dropped 0.80% over the past 52 weeks, while the S&P 500 index has gained 9.13% in the same period.

Information Technology Services:

This industry tumbled 0.44% by 11:05 am. The worst stock within the industry was International Business Machines (NYSE: IBM), which fell 4%. Bank of America lowered the price target on IBM from $200.00 to $185.00.

Specialty Eateries:

This industry declined 0.19% by 11:05 am, with Potbelly (NASDAQ: PBPB) moving down 1%. Potbelly's PEG ratio is 2.77.

 

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