The Dow dropped 0.65% to 17,302.95, while the NASDAQ composite index fell 0.54% to 4,658.36. The broader Standard & Poor's 500 index slipped 0.76% to 2,005.86.
The worst performing industries in the market today are:
Sporting Goods Stores: This industry fell 3.9% by 11:00 am ET.
Dick's Sporting Goods Inc. (NYSE:
DKS) shares dropped 5.8% in today's trading. Dick's shares have gained 5.03% over the past 52 weeks, while the S&P 500 index has surged 13.39% in the same period.
Foreign Utilities: This industry tumbled 3.6% by 11:00 am. The worst stock within the industry was
CPFL Energia S.A. (NYSE:
CPL), which fell 5.2%. CPFL Energia's PEG ratio is 5.24.
Farm & Construction Machinery: This industry declined 3.2% by 11:00 am with
Titan International Inc. (NYSE:
TWI) moving down 1.3%. Titan International's trailing-twelve-month profit margin is -2.14%.
Diversified Computer Systems: The industry dropped 2.5% by 11:00 am. The worst performer in this industry was
Silicon Graphics International Corp. (NASDAQ:
SGI), which declined 9.7%. On Wednesday, SGI reported a Q2 loss of $0.30 per share.
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