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The Dow dropped 0.97 percent to 17,725.88, while the NASDAQ composite index fell 0.98 percent to 5,001.62. The broader Standard & Poor's 500 index slipped 0.80 percent to 2,077.44.
The worst performing industries in the market today are:
Semiconductor- Memory Chips: This industry declined 2.9 percent by 11:00 am with
Micron Technology, Inc.MU moving down 4.5 percent. Morgan Stanley downgraded Micron Technology from Equal-weight to Underweight and lowered the price target from $30.00 to $21.00.
Technical Services: The industry dropped 2 percent by 11:00 am. The worst performer in this industry was
AecomACM, which declined 3.4 percent. Aecom's trailing-twelve-month profit margin is -0.04 percent.
Regional Airlines: This industry tumbled 1.9 percent by 11:00 am. The worst stock within the industry was
SkyWest, Inc. SKYW, which fell 3.4 percent. SkyWest reported that it has added 8 Embraer E175s to fleet.
Long Distance Carriers: This industry fell 1.8 percent by 11:00 am ET.
General Communication, Inc. GNCMA shares dropped 2.1 percent in today's trading. General Communication shares have jumped 52.36 percent over the past 52 weeks, while the S&P 500 index has gained 8.07 percent in the same period.
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