Worst Performing Industries For May 12, 2016

The Dow fell 0.06 percent to 17,700.43, while the NASDAQ composite index declined 0.53 percent to 4,735.46. The broader Standard & Poor's 500 index dropped 0.11 percent to 2,062.12. The worst performing industries in the market today are:

Semiconductor - Specialized:

This industry slipped 1.5 percent by 11:00 am. The worst stock within the industry was

Himax Technologies, Inc. (ADR)HIMX

, which fell 14.6 percent. Himax Technologies reported Q1 earnings of $0.078 per share on revenue of $180.3 million.

Drug Related Products:

This industry declined 1.45 percent by 11:00 am with

Perrigo Company plcPRGO

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moving down 2.3 percent. Perrigo reported Q1 earnings of $1.75 per share on revenue of $1.383 billion.

Diversified Computer Systems:

This industry fell 1.4 percent by 11:00 am ET.

Silicon Graphics International Corp SGI

shares dropped 3 percent in today's trading. Silicon Graphics shares have dropped 33.71 percent over the past 52 weeks, while the S&P 500 index has declined 2.67 percent in the same period.

Electronic Equipment:

The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was

Skullcandy Inc SKUL

, which declined 3.5 percent.