The Dow dropped 1.26 percent to 17,877.75, while the NASDAQ composite index fell 1.32 percent to 4,941.86. The broader Standard & Poor's 500 index slipped 0.91 percent to 2,085.91.
The worst performing industries in the market today are:
Building Materials Wholesale: The industry dropped 2.4 percent by 11:00 am. The worst performer in this industry was Louisiana-Pacific Corporation LPX, which declined 3 percent. Louisiana-Pacific's trailing-twelve-month ROE is -6.27 percent.
Telecom Services - Foreign: This industry declined 2.3 percent by 11:00 am with China Telecom Corporation Limited (ADR) CHA moving down 5.5 percent. China Telecom shares have jumped 60.07 percent over the past 52 weeks, while the S&P 500 index has gained 12.45 percent in the same period.
Internet Software & Services: This industry tumbled 2.2 percent by 11:00 am. The worst stock within the industry was The Ultimate Software Group, Inc. ULTI, which fell 3.3 percent. Ultimate Software is expected to report Q1 results on Tuesday, April 28.
Toy & Hobby Stores: This industry fell 2.1 percent by 11:00 am ET. Build-A-Bear Workshop, Inc BBW shares dropped 1.7 percent in today's trading. Build-A-Bear's trailing-twelve-month EPS is $0.81.
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