Dow Drops Sharply As Two Industrial Giants Warn Of Trouble

In Economy On


U.S. markets opened in a steep slide on one of the busiest earnings days of the year as a global sell-off and a disappointing report by 3M — a major industrial company that is a window into the U.S. economy — had nervous investors fleeing stocks.

The Dow Jones industrial average dropped more than 500 points, or 2 percent, in morning trading Tuesday. The Standard & Poor’s 500-stock index was down 2.2 percent, its fourth decline in as many days. The tech-heavy Nasdaq, which has been whacked in recent weeks from the sell-off in the so-called FAANG shares — Facebook,, Apple, Netflix and Alphabet’s Google, Alphabet — was off 2.6 percent.

All three slipped to three-month lows.

“Politics and earnings,” said Sam Stovall, chief investment strategist of U.S. Equity Strategy at CFRA. “Both 3M and Caterpillar appear to be spinning their wheels and showing the true effects of global tensions.”

Read full article

You may also read!

The Secrets of ‘Cognitive Super-Agers’

One of my greatest pleasures during the Covid-19 shutdowns


Is Education No Longer the ‘Great Equalizer’?

There is an ongoing debate over what kind of


Even the terrorist threat to the United States is now partisan

Hours after he announced his objection to forming a


Mobile Sliding Menu