Market Overview

Worst Performing Industries For November 15, 2016

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The Dow fell 0.23 percent to 18,825.06, while the NASDAQ composite index climbed 0.78 percent to 5,258.96. The broader Standard & Poor's 500 index gained 0.22 percent to 2,168.88.

The worst performing industries in the market today are:

  • Sporting Goods Stores: This industry slipped 4.6 percent by 11:00 am. The worst stock within the industry was Dicks Sporting Goods Inc (NYSE: DKS), which fell 8 percent. Dicks Sporting posted upbeat Q3 earnings, but issued a weak earnings forecast for the current quarter.
  • Drug Related Products: This industry declined 3.7 percent by 11:00 am with Perrigo Company plc (NYSE: PRGO) moving down 4.6 percent. Perrigo shares have dropped 38.56 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.
  • Medical Laboratories & Research: The industry dropped 2.5 percent by 11:00 am. The worst performer in this industry was RadNet Inc. (NASDAQ: RDNT), which declined 4.5 percent. RadNet’s PEG ratio is 2.89.
  • Home Improvement Stores: This industry fell 2.2 percent by 11:00 am ET. Home Depot Inc (NYSE: HD) shares dropped 1.9 percent in today's trading. Home Depot reported better-than-expected third quarter results.
 

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