Market Overview

Worst Performing Industries For August 8, 2016

Related DF
5 Hot Stocks To Watch This Week
Mid-Afternoon Market Update: Red Robin Drops On Earnings Miss; Myomo Shares Spike Higher
Related NVO
Eli Lilly's Risks Could Be Underappreciated, Goldman Sachs Says In Downgrade
Novo Nordisk Confirms Bid For Ablynx But Faces Rejection
FDA launches new program to boost transparency of clinical data used to support approvals (Seeking Alpha)

The Dow fell 0.09 percent to 18,527.72, while the NASDAQ composite index declined 0.32 percent to 5,204.61. The broader Standard & Poor's 500 index slipped 0.13 percent to 2,180.14.

The worst performing industries in the market today are:

  • Dairy Products: This industry slipped 4.4 percent by 11:00 am. The worst stock within the industry was Dean Foods Co (NYSE: DF), which fell 5 percent. Dean Foods reported weaker-than-expected quarterly earnings.
  • Drug Manufacturers - Other: This industry declined 3.4 percent by 11:00 am with Novo Nordisk A/S (ADR) (NYSE: NVO) moving down 4.7 percent. Bank of America downgraded Novo-Nordisk from Buy to Neutral.
  • Building Materials Wholesale This industry fell 1.6 percent by 11:00 am ET. Louisiana-Pacific Corporation (NYSE: LPX) shares dropped 1.9 percent in today's trading. Louisiana-Pacific shares have surged 22.36 percent over the past 52 weeks, while the S&P 500 index has gained 3.74 percent in the same period.
  • Long Distance Carriers: The industry dropped 1.2 percent by 11:00 am. The worst performer in this industry was Elephant Talk Communications Corp (NYSE: ETAK), which declined 6 percent.

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


Related Articles (DF + ETAK)

View Comments and Join the Discussion!