Market Overview

Worst Performing Industries For January 5, 2016

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The Dow fell 0.35 percent to 17,088.84, while the NASDAQ composite index slipped 0.14 percent to 4,896.43. The broader Standard & Poor's 500 index dropped 0.17 percent to 2,009.17.

The worst performing industries in the market today are:

Toy & Hobby Stores: This industry declined 8.8 percent by 11:00 am with Build-A-Bear Workshop, Inc (NYSE: BBW) moving down 8.8 percent. BMO Capital downgraded Build-A-Bear from Outperform to Market Perform.

Industrial Equipment & Components: The industry dropped 1.5 percent by 11:00 am. The worst performer in this industry was Omega Flex, Inc. (NASDAQ: OFLX), which declined 2.3 percent. Omega Flex shares have dropped 2.50 percent over the past 52 weeks, while the S&P 500 index has gained 0.50 percent in the same period.

Regional Airlines: This industry slipped 1.4 percent by 11:00 am. The worst stock within the industry was Republic Airways Holdings Inc. (NASDAQ: RJET), which fell 14 percent. Deutsche Bank downgraded Republic Airways from Buy to Hold and lowered the price target from $8.00 to $4.00.

Auto Parts Wholesale: This industry fell 1.2 percent by 11:00 am ET. Commercial Vehicle Group, Inc. (NASDAQ: CVGI) shares dropped 3.2 percent in today's trading.

 

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