Worst Performing Industries For October 23, 2014

The Dow surged 1.36% to 16,685.03, while the NASDAQ composite index rose 1.52% to 4,449.29. The broader Standard & Poor's 500 index gained 1.26% to 1,951.30. The worst performing industries in the market today are: Sporting Goods Stores: The industry dropped 3.19% by 11:05 am. The worst performer in this industry was Cabela's CAB, which declined 9.5%. Cabela's reported weaker-than-expected Q3 results and issued a downbeat FY14 outlook. Grocery Stores: This industry fell 1.33% by 11:05 am ET. QKL Stores QKLS shares dropped 7% in today's trading. QKL Stores shares have dropped 18.77% over the past 52 weeks, while the S&P 500 index has gained 9.99% in the same period. Telecom Services - Domestic: This industry tumbled 1.18% by 11:05 am. The worst stock within the industry was AT&T T, which fell 2.6%. AT&T reported downbeat third-quarter earnings and lowered its FY sales growth outlook. Foreign Utilities: This industry declined 0.89% by 11:05 am, with CPFL Energia S.A. CPL moving down 4.1%. CPFL Energia's PEG ratio is 2.53.