Market Overview

Worst Performing Industries For February 25, 2016

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The Dow rose 0.12 percent to 16,505.49, while the NASDAQ composite index slipped 0.11 percent to 4,537.53. The broader Standard & Poor's 500 index gained 0.12 percent to 1,932.03.

The worst performing industries in the market today are:

Home Furnishing Stores: This industry declined 6 percent by 11:00 am with Restoration Hardware Holdings Inc (NYSE: RH) moving down 25 percent. Restoration Hardware issued a weak forecast for the fourth quarter.

Diversified Computer Systems: This industry fell 5.5 percent by 11:00 am ET. HP Inc (NYSE: HPQ) shares dropped 7 percent in today's trading. HP reported in-line earnings for its first quarter. However, the company's revenue exceeded analysts' estimates.

Internet Software & Services: The industry dropped 4.1 percent by 11:00 am. The worst performer in this industry was NetEase Inc (ADR) (NASDAQ: NTES), which declined 14.5 percent. NetEase reported Q4 earnings of $2.52 per ADS on revenue of $1.22 billion.

Movie Production, Theaters: This industry slipped 2.5 percent by 11:00 am. The worst stock within the industry was Lions Gate Entertainment Corp. (USA) (NYSE: LGF), which fell 4.4 percent.

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

 

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