Worst Performing Industries For August 25, 2016
The Dow fell 0.06 percent to 18,471.01, while the NASDAQ composite index rose 0.01 percent to 5,218.11. The broader Standard & Poor's 500 index dropped 0.01 percent to 2,175.23.
The worst performing industries in the market today are:
- Internet Service Providers: This industry slipped 2.9 percent by 11:00 am. The worst stock within the industry was TrueCar Inc (NASDAQ: TRUE), which fell 6.6 percent. TrueCar shares have climbed 118.07 percent over the past 52 weeks, while the S&P 500 index has gained 16.48 percent in the same period.
- Diversified Computer Systems: This industry declined 2.7 percent by 11:00 am with HP Inc (NYSE: HPQ) moving down 3.3 percent. HP reported upbeat results for its third quarter, but issued weak profit guidance for the current quarter.
- Drug Stores: This industry fell 1.7 percent by 11:00 am ET. Walgreens Boots Alliance Inc (NASDAQ: WBA) shares dropped 0.7 percent in today's trading. Walgreens Boots Alliance shares have gained 0.58 percent over the past 52 weeks, while the S&P 500 index has surged 16.48 percent in the same period.
- Drugs Wholesale: The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was McKesson Corporation (NYSE: MCK), which declined 1.7 percent. Gold futures fell 1.3 percent to trade at $1,329.10 an ounce.
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