Worst Performing Industries For July 23, 2014

Loading...
Loading...
The Dow dropped 0.06% to 17,103.69, while the NASDAQ composite index rose 0.45% to 4,475.83. The broader Standard & Poor's 500 index surged 0.22% to 1,987.95. The worst performing industries in the market today are:
Semiconductor - Specialized:
This industry tumbled 1.75% by 11:15 am. The worst stock within the industry was Lattice Semiconductor
LSCC
, which fell 6.1%. Lattice Semiconductor is expected to report its Q2 results on July 24, 2014.
Networking & Communication Devices:
This industry fell 1.53% by 11:15 am ET. Juniper Networks
JNPR
shares dropped 9.6% in today's trading. Juniper issued a downbeat Q3 forecast. Bank of America downgraded Juniper Networks from Outperform to Neutral and lowered the price target from $34.00 to $28.00.
Printed Circuit Boards:
The industry dropped 1.47% by 11:15 am. The worst performer in this industry was The Analog Devices
ADI
, which declined 2.7%. Analog Devices completed its acquisition of Hittite Microwave.
Semiconductor - Integrated Circuits:
This industry moved down 1.19% by 11:15 am, with Xilinx
XLNX
moving down 14.4%. Xilinx reported downbeat Q1 revenue and issued a weak Q2 revenue forecast. BMO Capital downgraded Xilinx from Outperform to Market Perform and lowered the price target from $60.00 to $42.00.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMovers & ShakersIntraday UpdateMarketsInformation TechnologySemiconductorsWorst Performing Industries
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...