Market Overview

Worst Performing Industries For December 2, 2016

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The Dow fell 0.07 percent 19,177.72, while the NASDAQ composite index gained 0.21 percent to 5,262.16. The broader Standard & Poor's 500 index rose 0.18 percent to 2,195.08.

The worst performing industries in the market today are:

  • Specialty Eateries: This industry slipped 2.4 percent by 11:00 am. The worst stock within the industry was Starbucks Corporation (NASDAQ: SBUX), which fell 2.4 percent. Starbucks disclosed that Howard Schultz will be stepping down as chief executive officer of the company. Kevin Johnson will takeover CEO duties on April 3, 2017.
  • Investment Brokerage - Regional: This industry declined 1.3 percent by 11:00 am with Stifel Financial Corp (NYSE: SF) moving down 1.5 percent. Stifel Financial shares have surged 12.48 percent over the past 52 weeks, while the S&P 500 index has increased 5.37 percent in the same period.
  • Regional - Southeast Banks: The industry dropped 1.1 percent by 11:00 am. The worst performer in this industry was IBERIABANK Corp (NASDAQ: IBKC), which declined 2.4 percent. IBERIABANK priced 3.125 million shares at $81.50 per share.
  • Regional - Mid-Atlantic Banks: This industry fell 1 percent by 11:00 am ET. Signature Bank (NASDAQ: SBNY) shares dropped 2 percent in today's trading.

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

 

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