Market Overview

Worst Performing Industries For October 2, 2015

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The Dow fell 1.16 percent to 16,083.74, while the NASDAQ composite index dropped 1.01 percent to 4,580.29. The broader Standard & Poor's 500 index declined 1.15 percent to 1,901.61.

The worst performing industries in the market today are:

Investment Brokerage - Regional: This industry declined 3.7 percent by 11:00 am with Greenhill & Co., Inc. (NYSE: GHL) moving down 4.8 percent. Greenhill shares have dipped 39.89 percent over the past 52 weeks, while the S&P 500 index has slipped 2.24 percent in the same period.

Regional - Southwest Banks: The industry dropped 3.6 percent by 11:00 am. The worst performer in this industry was Texas Capital Bancshares Inc (NASDAQ: TCBI), which declined 4.7 percent. Texas Capital Bancshares is expected to report Q3 results on October 21, 2015.

Regional - Southeast Banks: This industry tumbled 3.5 percent by 11:00 am. The worst stock within the industry was Capital Bank Financial Corp (NASDAQ: CBF), which fell 5 percent. Capital Bank Financial's PEG ratio is 2.45.

Regional - Pacific Banks: This industry fell 3.5 percent by 11:00 am ET. SVB Financial Group (NASDAQ: SIVB) shares dropped 5.7 percent in today's trading.

 

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