Market Overview

Worst Performing Industries For February 26, 2016

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The Dow rose 0.28 percent to 16,743.31, while the NASDAQ composite index gained 0.48 percent to 4,604.03. The broader Standard & Poor's 500 index gained 0.39 percent to 1,959.27.

The worst performing industries in the market today are:

Computer Peripherals: This industry declined 1.4 percent by 11:00 am with Logitech International SA (USA) (NASDAQ: LOGI) moving down 0.8 percent. Logitech shares have gained 4.53 percent over the past 52 weeks, while the S&P 500 index has declined 7.26 percent in the same period.

Meat Products: This industry fell 1.4 percent by 11:00 am ET. BRF SA (ADR) (NYSE: BRFS) shares dropped 7.8 percent in today's trading. BRF SA reported a Q4 net profit of 1.4 billion reals ($354 million).

Long Distance Carriers: The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was Elephant Talk Communications Corp (NYSE: ETAK), which declined 9 percent. Elephant Talk Communications shares have dropped 64.52 percent over the past 52 weeks, while the S&P 500 index has declined 7.26 percent in the same period.

Telecom Services - Foreign: This industry slipped 1.2 percent by 11:00 am. The worst stock within the industry was Telefonica S.A. (ADR) (NYSE: TEF), which fell 4.8 percent. Telefonica reported FY15 earnings of EUR1.12 per share on revenue of EUR47.2 billion.

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

 

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