Worst Performing Industries For October 19, 2016
The Dow rose 0.25 percent to 18,207.35, while the NASDAQ composite index declined 0.03 percent to 5,242.24. The broader Standard & Poor's 500 index rose 0.16 percent to 2,142.94.
The worst performing industries in the market today are:
- Semiconductor- Memory Chips: This industry slipped 1.7 percent by 11:00 am. The worst stock within the industry was SemiLEDs Corporation (NASDAQ: LEDS), which fell 3 percent. SemiLEDs shares have dropped 12.04 percent over the past 52 weeks, while the S&P 500 index has gained 5.21 percent in the same period.
- Auto Parts Stores: This industry declined 1.5 percent by 11:00 am with AutoZone, Inc. (NYSE: AZO) moving down 2 percent. AutoZone shares have increased 1.31 percent over the past 52 weeks, while the S&P 500 index has gained 5.21 percent in the same period.
- Semiconductor - Broad Line: This industry fell 1 percent by 11:00 am ET. Intel Corporation (NASDAQ: INTC) shares dropped 5.8 percent in today's trading. Intel reported better-than-expected earnings for its third quarter, but issued a weak revenue forecast for the current quarter.
- Cigarettes: The industry dropped 0.9 percent by 11:00 am. The worst performer in this industry was Reynolds American, Inc. (NYSE: RAI), which declined 2.9 percent. Reynolds American reported weaker-than-expected earnings for the third quarter.
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