Market Overview

Worst Performing Industries For January 28, 2016

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The Dow fell 0.26 percent to 15,902.37, while the NASDAQ composite index dropped 0.16 percent to 4,460.88. The broader Standard & Poor's 500 index fell 0.18 percent to 1,879.66.

The worst performing industries in the market today are:

Regional Airlines: This industry declined 4.2 percent by 11:00 am with Allegiant Travel Company (NASDAQ: ALGT) moving down 8.8 percent. Allegiant Travel reported Q4 earnings of $3.38 per share on revenue of $310.9 million.

General Entertainment: The industry dropped 3.4 percent by 11:00 am. The worst performer in this industry was SFX Entertainment Inc (NASDAQ: SFXE), which declined 10 percent. SFX Entertainment shares have declined 96.93 percent over the past 52 weeks, while the S&P 500 index has dropped 6.84 percent in the same period.

Recreational Goods, Other: This industry slipped 3.2 percent by 11:00 am. The worst stock within the industry was Brunswick Corporation (NYSE: BC), which fell 3 percent. Brunswick reported better-than-expected Q4 earnings, but the company's sales missed analysts' estimates.

Silver: This industry fell 2.9 percent by 11:00 am ET. Pan American Silver Corp. (USA) (NASDAQ: PAAS) shares dropped 3.9 percent in today's trading. FBR Capital downgraded Pan American Silver from Outperform to Market Perform and lowered the price target from $8.00 to $6.00.

 

Related Articles (ALGT + SFXE)

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

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