The Dow fell 1.94 percent to 15,891.11, while the NASDAQ composite index tumbled 2.36 percent to 4,260.41. The broader Standard & Poor's 500 index dropped 1.93 percent to 1,843.79.
The worst performing industries in the market today are:
Cement: This industry declined 5.5 percent by 11:00 am with Cemex SAB de CV (ADR) CX moving down 6.3 percent. Cemex shares have dropped 48.15 percent over the past 52 weeks, while the S&P 500 index has slipped 6.41 percent in the same period.
Building Materials Wholesale: This industry fell 4.8 percent by 11:00 am ET. Louisiana-Pacific Corporation LPX shares dropped 4.4 percent in today's trading. Louisiana-Pacific's trailing-twelve-month ROE is -10.98 percent.
General Entertainment: The industry dropped 4 percent by 11:00 am. The worst performer in this industry was SFX Entertainment Inc SFXE, which declined 45 percent. SFX Entertainment shares have tumbled 98.55 percent over the past 52 weeks, while the S&P 500 index has declined 6.41 percent in the same period.
Diversified Computer Systems: This industry slipped 3.9 percent by 11:00 am. The worst stock within the industry was Arista Networks Inc ANET, which fell 8.3 percent.
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