Market Overview

Worst Performing Industries For December 16, 2014

Share:

The Dow climbed 0.44% to 17,256.12, while the NASDAQ composite index fell 0.10% to 4,600.37. The broader Standard & Poor's 500 index declined 0.23% to 1,997.66.

The worst performing industries in the market today are:

Internet Service Providers:

The industry dropped 4.28% by 11:20 am. The worst performer in this industry was Qihoo 360 Technology Co (NYSE: QIHU), which declined 4.9%. Qihoo 360 Tech announced a strategic partnership with Coolpad Group Limited.

Regional Airlines:

This industry fell 2.61% by 11:20 am ET. GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) shares dropped 11.5% in today's trading. GOL's PEG ratio is -0.74.

Foreign Utilities:

This industry tumbled 2.40% by 11:20 am. The worst stock within the industry was CPFL Energia S.A. (NYSE: CPL), which fell 3.8%. CPFL Energia shares have dropped 19.82% over the past 52 weeks, while the S&P 500 index has surged 11.71% in the same period.

Appliances:

This industry declined 2.17% by 11:20 am with Whirlpool (NYSE: WHR) moving down 2.4%. Whirlpool adjusted its full-year 2014 earnings forecast. The company expected FY2014 EPS of $8.00 to $8.20 per share, versus its earlier outlook of $9.40 to $9.90 per share. It projected FY15 earnings of $10.75 to $11.75 per share.

 

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