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Market Overview

Worst Performing Industries For March 5, 2015

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The Dow climbed 0.31% to 18,152.87, while the NASDAQ composite index rose 0.46% to 4,989.86. The broader Standard & Poor's 500 index gained 0.23% to 2,103.36.

The worst performing industries in the market today are:

Long Distance Carriers: This industry tumbled 6% by 11:00 am. The worst stock within the industry was General Communication Inc. (NASDAQ: GNCMA), which fell 7.6%. General Communication reported 2014 consolidated revenue of $910 million, and net income of $8 million or $0.18 per share.

Photographic Equipment & Supplies: This industry fell 1.9% by 11:00 am ET. GoPro, Inc. (NASDAQ: GPRO) shares dropped 2% in today's trading. Morgan Stanley maintained an Equal-weight rating and $57 price target on GoPro.

Home Health Care: This industry declined 0.8% by 11:00 am with Amedisys Inc. (NASDAQ: AMED) moving down 2.6%. Amedisys reported an adjusted profit of $0.27 per share in the fourth quarter on Wednesday.

Wholesale, Other: The industry dropped 0.7% by 11:00 am. The worst performer in this industry was United Stationers Inc. (NASDAQ: USTR), which declined 0.95%. United Stationers shares have dropped 8.34% over the past 52 weeks, while the S&P 500 index has gained 11.80% in the same period.

 

Related Articles (GNCMA + GPRO)

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Posted-In: Worst Performing IndustriesNews Movers & Shakers Intraday Update Markets

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