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Market Overview

Worst Performing Industries For October 13, 2016

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The Dow fell 0.82 percent to 17,996.18, while the NASDAQ composite index slipped 0.95 percent to 5,189.41. The broader Standard & Poor's 500 index declined 0.84 percent to 2,121.31.

The worst performing industries in the market today are:

  • Semiconductor - Integrated Circuits: This industry slipped 2.9 percent by 11:00 am. The worst stock within the industry was Applied Optoelectronics Inc (NASDAQ: AAOI), which fell 6 percent. Applied Optoelectronics is scheduled to announce Q3 financial results on November 3, 2016.
  • Regional - Southeast Banks: This industry declined 2.5 percent by 11:00 am with Bank Of The Ozarks Inc (NASDAQ: OZRK) moving down 3.1 percent. Bank Of The Ozarks shares have dropped 16.48 percent over the past 52 weeks, while the S&P 500 index has increased 6.76 percent in the same period.
  • Regional - Southwest Banks: This industry fell 2.4 percent by 11:00 am ET. Prosperity Bancshares, Inc. (NYSE: PB) shares dropped 3.8 percent in today's trading. Prosperity Bancshares is expected to announce Q3 earnings on October 26, 2016.
  • Regional - Pacific Banks: The industry dropped 2.3 percent by 11:00 am. The worst performer in this industry was Banc of California Inc (NYSE: BANC), which declined 5 percent. Banc of California is projected to release Q3 financial results on October 20, 2016.
 

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

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