Market Overview

Worst Performing Industries For February 17, 2016

Share:

The Dow rose 1.29 percent to 16,405.14, while the NASDAQ composite index climbed 1.74 percent to 4,512.98. The broader Standard & Poor's 500 index rose 1.35 percent to 1,921.10.

The worst performing industries in the market today are:

Healthcare Information Services: This industry declined 1.2 percent by 11:00 am with Cerner Corporation (NASDAQ: CERN) moving down 9.1 percent. Cerner reported Q4 adjusted earnings of $0.61 per share on revenue of $1.175 billion. The company expected Q1 earnings of $0.52 to $0.54 per share, on sales of $1.15 billion to $1.2 billion.

Electronic Equipment: This industry fell 0.3 percent by 11:00 am ET. Fabrinet (NYSE: FN) shares dropped 0.6 percent in today's trading. Fabrinet shares have gained 72.79 percent over the past 52 weeks, while the S&P 500 index has dropped 9.72 percent in the same period.

Water Utilities: The industry dropped 0.2 percent by 11:00 am. The worst performer in this industry was Pure Cycle Corporation (NASDAQ: PCYO), which declined 2.7 percent. Pure Cycle shares have declined 5.08 percent over the past 52 weeks, while the S&P 500 index has dropped 9.72 percent in the same period.

Electric Utilities: This industry slipped 0.15 percent by 11:00 am. The worst stock within the industry was Consolidated Edison, Inc. (NYSE: ED), which fell 1.7 percent.

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

 

Related Articles (CERN + ED)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Backtesting Shows Trade Opportunity After Australian Employment Data Release

Vetr Crowd Downgrades Urban Outfitters, Majority Bearish