NEW YORK, Oct. 2, 2019 /TheStockDork/ — The Dow Jones Industrial Average fell over 500 points today and closed the trading day down 1.86% in one of the worst days for the stock market since June.
The DJIA was actually the worst-performing major index, but the others didn’t fare much better. The S&P 500 declined 1.79%, and the NASDAQ lost 1.56%.
These were the hardest-hit stocks on the day:
Worst-Performing Stocks Today:
Savara, Inc. (NASDAQ: SVRA)
This micro-cap biotech firm crashed today. By the day’s close, this tiny biotech stock lost over 58% of its value after the company announced an unfavorable FDA decision. It’s only the latest bout of misery for SVRA shareholders, it’s down over 86% since the start of 2019.
United Natural Foods, Inc. (NYSE: UNFI)
Food wholesaling is a tough business. UNFI shares tanked after the company released a disappointing earnings report today. United Foods missed on both the top and bottom lines in Tuesday’s fourth-quarter miss. Share prices plummeted over 26% by the time the session was over.
Continental Materials Corporation (NYSE: CUO)
No news directly relating to this company came out today, but shares fell anyway after a weak ISM manufacturing report heightened fears that the U.S. economy may be going into recession. The sentiment shift hit CUO shares hard, they lost over 23% of their value on the day.
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