Worst Performing Industries For June 15, 2016

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The Dow rose 0.37 percent to 17,739.71, while the NASDAQ composite index gained 0.31 percent to 4,858.33. The broader Standard & Poor's 500 index climbed 0.35 percent to 2,082.50. The worst performing industries in the market today are:
Drug Related Products:
This industry slipped 2.7 percent by 11:00 am. The worst stock within the industry was
Perrigo Company plcPRGO
, which fell 3.2 percent. According to a report from StreetInsider.com, Perrigo was close to being acquired by an un-named UK company for approximately $20 billion.
Networking & Communication Devices:
This industry declined 1.3 percent by 11:00 am with
Cisco Systems, Inc. CSCO
moving down 1.6 percent. Goldman Sachs downgraded Cisco from Buy to Neutral and lowered the price target from $35 to $32.
Trucking:
This industry fell 0.8 percent by 11:00 am ET.
Saia Inc
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SAIA
shares dropped 1 percent in today's trading. Saia shares have dropped 36.28 percent over the past 52 weeks, while the S&P 500 index has declined 1.20 percent in the same period.
Catalog & Mail Order Houses:
The industry dropped 0.5 percent by 11:00 am. The worst performer in this industry was
Lightinthebox Holding Co Ltd-ADR LITB
, which declined 3.8 percent. LightInTheBox will hold its annual general meeting of shareholders on June 29, 2016.
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