A broad decline in stocks Thursday -- with the Dow Jones Industrial Average falling more than 100 points on data that indicated a record number of foreclosures occurred in the third quarter -- may also have provided dry-bulk investors with a reason to take profits, as some market participants had begun to worry about a peak in both rates and shipping stock prices a few days ago. Leading the decliners Thursday afternoon were shares of Eagle Bulk Shipping ( EGLE), which tumbled more than 13% to $5.87; Genco Shipping & Trading ( GNK), which fell 11.1% to $25.10; and Excel Maritime ( EXM), which lost 11.9% to $7.40. All three names enjoyed some of the sharper gains during the sector's week-long run to the upside. Elsewhere, DryShips ( DRYS) shares dropped 8.5% to close at $6.53; Diana Shipping ( DSX) lost 7.1% to $16.69; and Navios Maritime ( NM) retreated 8.3% to $5.93. Holding up relatively well were the U.S.-listed issues of Safe Bulkers ( SB), down 3.7% to $9.05, and Star Bulk Carriers ( SBLK), down 2.2% to $3.50. -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.