Market Overview

Worst Performing Industries For June 2, 2016

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The Dow fell 0.21 percent to 17,753.27, while the NASDAQ composite index declined 0.19 percent to 4,942.91. The broader Standard & Poor's 500 index fell 0.27 percent to 2,093.67.

The worst performing industries in the market today are:

Application Software: This industry slipped 1.4 percent by 11:00 am. The worst stock within the industry was Box Inc (NYSE: BOX), which fell 11.7 percent. Box reported a narrower-than-expected Q1 loss and raised its full-year guidance. However, billings of $75.9 million came in well below expectations for $84.1 million in billings.

Long Distance Carriers: This industry declined 1.3 percent by 11:00 am with Elephant Talk Communications Corp (NYSE: ETAK) moving down 3.9 percent. Elephant Talk Communications reported that it has received a non-compliance notice from the NYSE MKT.

Regional - Southeast Banks: This industry fell 0.8 percent by 11:00 am ET. Hancock Holding Company (NASDAQ: HBHC) shares dropped 1.6 percent in today's trading. Hancock Holding shares have dropped 9.88 percent over the past 52 weeks, while the S&P 500 index has gained 0.17 percent in the same period.

Regional - Southwest Banks: The industry dropped 0.7 percent by 11:00 am. The worst performer in this industry was CoBiz Financial Inc (NASDAQ: COBZ), which declined 1.5 percent.

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

 

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