Market Overview

Worst Performing Industries For May 4, 2015

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The Dow climbed 0.45 percent to 18,105.17, while the NASDAQ composite index rose 0.52 percent to 5,031.28. The broader Standard & Poor's 500 index gained 0.45 percent to 2,117.75.

The worst performing industries in the market today are:

Foreign Utilities: The industry dropped 1.1 percent by 11:00 am. The worst performer in this industry was Enersis SA (ADR) (NYSE: ENI), which declined 1.5 percent. Enersis' trailing-twelve-month EPS is $1.00.

Semiconductor - Specialized: This industry tumbled 0.4 percent by 11:00 am. The worst stock within the industry was CEVA, Inc. (NASDAQ: CEVA), which fell 2.9 percent. CEVA reported Q1 earnings of $0.08 per share on revenue of $13.8 million.

Foreign Money Center Banks: This industry fell 0.3 percent by 11:00 am ET. Westpac Banking Corp (ADR) (NYSE: WBK) shares dropped 3.2 percent in today's trading. Westpac Banking reported cash earnings of A$3.78 billion for the first half for the year. Goldman Sachs downgraded Westpac Banking from Buy to Neutral.

Semiconductor - Integrated Circuits: This industry declined 0.2 percent by 11:00 am with Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) moving down 1.4 percent. Taiwan Semiconductor shares have jumped 25.84 percent over the past 52 weeks, while the S&P 500 index has gained 11.87 percent in the same period.

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

 

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