Worst Performing Industries For August 2, 2016

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The Dow fell 0.52 percent to 18,308.29, while the NASDAQ composite index declined 0.89 percent to 5,137.85. The broader Standard & Poor's 500 index slipped 0.73 percent to 2,154.98.

The worst performing industries in the market today are:

  • Office Supplies: This industry slipped 2.8 percent by 11:00 am. The worst stock within the industry was ACCO Brands Corporation ACCO, which fell 7.9 percent. ACCO Brands posted better-than-expected Q2 results.
  • Regional Airlines: This industry declined 2.7 percent by 11:00 am with JetBlue Airways Corporation JBLU moving down 5.4 percent. JetBlue shares have dropped 22.85 percent over the past 52 weeks, while the S&P 500 index has gained 3.47 percent in the same period.
  • Industrial Electrical Equipment: This industry fell 2.4 percent by 11:00 am ET. Pioneer Power Solutions, Inc. PPSI shares dropped 12.7 percent in today's trading. Pioneer Power Solutions is expected to announce Q2 financial results on August 11, 2016.
  • Auto Parts Wholesale: The industry dropped 2 percent by 11:00 am. The worst performer in this industry was Magna International Inc. (USA) MGA, which declined 3.2 percent. Magna is expected to announce its Q2 financial results on August 5, 2016.
Posted In: NewsMovers & ShakersIntraday UpdateMarketsWorst Performing Industries
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