Worst Performing Industries For May 6, 2016

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The Dow fell 0.13 percent to 17,636.98, while the NASDAQ composite index declined 0.36 percent to 4,699.91. The broader Standard & Poor's 500 index slipped 0.23 percent to 2,045.86. The worst performing industries in the market today are:
Drug Manufacturers - Other:
This industry slipped 2.7 percent by 11:00 am. The worst stock within the industry was
Endo International plcENDP
, which fell 37 percent. Endo reported upbeat quarterly earnings, but lowered its full-year guidance. RBC Capital downgraded Endo from Outperform to Sector Perform.
Drug Related Products:
This industry declined 1.6 percent by 11:00 am with
Perrigo Company plcPRGO
moving down 2.2 percent. Perrigo shares have dropped 49.60 percent over the past 52 weeks, while the S&P 500 index has slipped 3.09 percent in the same period.
Regional Airlines:
This industry fell 1.4 percent by 11:00 am ET.
Advance Copa Holdings, S.A.
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CPA
shares dropped 12 percent in today's trading. Copa Holdings reported Q2 earnings of $1.66 per share. Credit Suisse downgraded Copa Holdings from Outperform to Neutral.
Drug Stores:
The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was
Walgreens Boots Alliance Inc WBA
, which declined 3.4 percent. Walgreens Boots Alliance reported a secondary offering of 15 million shares.
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