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Market Overview

Worst Performing Industries For June 1, 2016

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The Dow fell 0.38 percent to 17,720.23, while the NASDAQ composite index declined 0.07 percent to 4,944.63. The broader Standard & Poor's 500 index fell 0.22 percent to 2,092.26.

The worst performing industries in the market today are:

Photographic Equipment & Supplies: This industry slipped 2.3 percent by 11:00 am. The worst stock within the industry was GoPro Inc (NASDAQ: GPRO), which fell 2.7 percent. GoPro shares have tumbled 82.60 percent over the past 52 weeks, while the S&P 500 index has declined 0.81 percent in the same period.

Long Distance Carriers: This industry declined 1.6 percent by 11:00 am with HC2 Holdings Inc (NYSE: HCHC) moving down 2 percent. HC2 Holdings shares have dropped 61.49 percent over the past 52 weeks, while the S&P 500 index has slipped 0.81 percent in the same period.

Cement: This industry fell 1.4 percent by 11:00 am ET. Cementos Pacasmayo ADR (NYSE: CPAC) shares dropped 3 percent in today's trading. Cementos Pacasmayo shares have gained 18.68 percent over the past 52 weeks, while the S&P 500 index has dropped 0.81 percent in the same period.

Copper: The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was Freeport-McMoRan Inc (NYSE: FCX), which declined 6 percent. On Tuesday, Freeport-McMoRan revealed that it completed its previously announced sale of a 13 percent stake in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co. Ltd. (SMM) for cash consideration of $1.0 billion.

 

Related Articles (GPRO + HCHC)

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

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