Market Overview

Worst Performing Industries For February 29, 2016

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The Dow rose 0.10 percent to 16,656.99, while the NASDAQ composite index gained 0.26 percent to 4,602.17. The broader Standard & Poor's 500 index gained 0.15 percent to 1,950.87.

The worst performing industries in the market today are:

Regional - Southeast Banks: This industry declined 2.1 percent by 11:00 am with First Horizon National Corp (NYSE: FHN) moving down 2.5 percent. First Horizon National shares have dropped 13.34 percent over the past 52 weeks, while the S&P 500 index has declined 8 percent in the same period.

Medical Equipment Wholesale: This industry fell 2 percent by 11:00 am ET. Patterson Companies, Inc. (NASDAQ: PDCO) shares dropped 1.1 percent in today's trading. Patterson Companies shares have dropped 11.73 percent over the past 52 weeks, while the S&P 500 index has slipped 8 percent in the same period.

Investment Brokerage - Regional: The industry dropped 1.8 percent by 11:00 am. The worst performer in this industry was Raymond James Financial, Inc. (NYSE: RJF), which declined 1.9 percent. Raymond James Financial's trailing-twelve-month ROE is 9.68 percent.

Home Furnishing Stores: This industry slipped 1.7 percent by 11:00 am. The worst stock within the industry was Restoration Hardware Holdings Inc (NYSE: RH), which fell 3.3 percent.

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

 

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