Market Overview

Worst Performing Industries For March 3, 2016

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The Dow fell 0.15 percent to 16,874.42, while the NASDAQ composite index declined 0.20 percent to 4,694.23. The broader Standard & Poor's 500 index dropped 0.16 percent to 1,983.21.

The worst performing industries in the market today are:

Long Distance Carriers: This industry declined 5.2 percent by 11:00 am with Elephant Talk Communications Corp (NYSE: ETAK) moving down 8.3 percent. Elephant Talk Communications shares have declined 59.32 percent over the past 52 weeks, while the S&P 500 index has dropped 5.45 percent in the same period.

General Entertainment: This industry fell 2.1 percent by 11:00 am ET. Carnival plc (ADR) (NYSE: CUK) shares dropped 2.5 percent in today's trading. Carnival shares have gained 7.62 percent over the past 52 weeks, while the S&P 500 index has dropped 5.45 percent in the same period.

Specialty Eateries: The industry dropped 1.9 percent by 11:00 am. The worst performer in this industry was Starbucks Corporation (NASDAQ: SBUX), which declined 1.9 percent. Starbucks will open its first store in South Africa next month, Reuters reported.

Healthcare Information Services: This industry slipped 1.8 percent by 11:00 am. The worst stock within the industry was Teladoc Inc (NYSE: TDOC), which fell 4.9 percent. Teladoc reported better-than-expected results for its fourth quarter, but the company issued a weak earnings forecast for the full year.

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

 

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