Dow in danger of another unanimous selloff as all 30 stocks fall premarket

dow in danger of another unanimous selloff as all 30 stocks fall premarket

All 30 Dow Jones Industrial Average DJIA, -3.03% components are falling in premarket trading Monday, as the previous session’s 1000+-point plunge, sparked by hawkish comments from Federal Reserve Chairman Jerome Powell, looked set to continue. Dow futures YM00, -0.70% slid 277 points, or 0.9%. The biggest Dow decliner ahead of the open was Dow Inc.’s stock DOW, -2.33%, which fell 2.1% after KeyBanc Capital turned bearish on the chemicals and specialty materials company, citing concerns over “meaningful” commodity exposure and expectations that earnings will approach “recession” levels. 3M Co.’s stock MMM, -9.54%, which had tumbled 9.5% to lead all 30 Dow stocks lower on Friday, fell another 0.5% in Monday’s premarket. The best Dow performer in Monday’s premarket was Walmart Inc.’s stock WMT, -3.14%, which slipped 0.2%.

Source: Marketwatch

Related Posts