Market Overview

Worst Performing Industries For October 26, 2016

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The Dow fell 0.03 percent to 18,164.51, while the NASDAQ composite index declined 0.40 percent to 5,262.08. The broader Standard & Poor's 500 index fell 0.21 percent to 2,138.70.

The worst performing industries in the market today are:

  • Regional Airlines: This industry slipped 6 percent by 11:00 am. The worst stock within the industry was Southwest Airlines Co (NYSE: LUV), which fell 11 percent. Southwest reported mixed results for the third quarter. While EPS topped, revenue fell shy of expectations modestly.
  • Diagnostic Substances: This industry declined 2.6 percent by 11:00 am with Quotient Ltd (NASDAQ: QTNT) moving down 12 percent. Quotient shares have declined 42.36 percent over the past 52 weeks, while the S&P 500 index has increased 3.48 percent in the same period.
  • Electronic Equipment: This industry fell 1.6 percent by 11:00 am ET. Apple Inc. (NASDAQ: AAPL) shares dropped 3 percent in today's trading. Apple reported better-than-expected earnings for its fourth quarter. However, revenue of $46.9 billion, down 8.9 percent year-over-year, was in line with expectations.
  • Drugs Wholesale: The industry dropped 1.4 percent by 11:00 am. The worst performer in this industry was Cardinal Health Inc (NYSE: CAH), which declined 1.7 percent.
 

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