The Standard & Poor's MidCap 400 index declined Thursday on another surge in oil prices and inklings of trouble in the technology, financial and automotive industries.
On the index, shares of Oshkosh Corp., which makes specialty vehicles, declined $7.68, or 22.9 percent, to $25.80, and set a three-year low of $25.23. Oshkosh expects to post a third-quarter loss, missing its prior forecast and Wall Street expectations.
Shares of Chemtura Corp. declined $1.71, or 20.9 percent, to $6.47, after the company ended talks to sell itself.
Shares of auto-parts supplier Lear Corp. declined $3.65, or 20.1 percent, to $14.47, and set an all-time low of $14.25, following an analyst downgrade.
On the rising side, shares of Herman Miller Inc. gained $1.51, or 6.3 percent, to $25.50. Strong sales from overseas markets boosted the furniture maker's fiscal fourth-quarter profit.
An analyst upgrade lifted shares of health care company Lincare Holdings Inc. to $28.26, up $1.33, or 4.9 percent.
Shares of City National Corp. advanced $1.71, or 4.3 percent, to $42.98, also on an analyst upgrade.
The S&P MidCap 400 is an index used to track mid-sized companies which have a market capitalization of $1.5 billion to $5.5 billion. According to S&P, midcap stocks make up roughly 7 percent of the U.S. equities market.
The index declined 16.54 points, or 2 percent, to 832.61.
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