The Dow dropped 0.07% to 17,043.28, while the NASDAQ composite index tumbled 0.65% to 4,411.72. The broader Standard & Poor's 500 index fell 0.24% to 1,972.27.
The worst performing industries in the market today are:
Toy & Hobby Stores: This industry tumbled 2.83% by 11:00 am. The worst stock within the industry was Build-A-Bear Workshop BBW, which fell 2.8%. Build-A-Bear Workshop is expected to report its FQ2 results on July 24, 2014.
Manufactured Housing: This industry fell 2.13% by 11:00 am ET. Tile Shop Holdings TTS shares dropped 4.6% in today's trading. Tile Shop shares have dropped 61.41% over the past 52 weeks, while the S&P 500 index has surged 17.95% in the same period.
Drug Related Products: The industry dropped 2.10% by 11:00 am. The worst performer in this industry was Perrigo Company PRGO, which declined 3.2%. Perrigo's PEG ratio is 2.04.
Cigarettes: This industry moved down 1.93% by 11:00 am, with Lorillard LO moving down 7.5%. Reynolds American RAI agreed to acquire Lorillard in a cash-and-stock transaction valued at $27.4 billion, including the assumption of net debt.
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