DJIA lost 2.65% over the previous two weeks.3M settles $6 billion lawsuit with US military personnel over faulty earplugs. Dow Jones Industrial Average
At the time of writing in Wednesday’s premarket, Dow Jones futures have gained 0.09%, while NASDAQ 100 futures dip 0.08%. S&P 500 are flat to down. A long-time constituent of the Dow – added in 1976 and now bearing an approximate 2.4% weighting –helped the index rise this week after the industrial’s board agreed to a $6 billion settlement stemming from US military veterans suing the manufacturer for combat earplugs they allege led to hearing loss.
By one estimation, there are more than 10,000 individuals represented by multiple law firms seeking restitution for PFAS-related injury. Some plaintiffs and observers have questioned whether the maker of Scotch tape and inventor of Post-It notes can remain solvent due to all its liabilities. "For investors looking to put new money to work in the stock market, we prefer areas of the market that have lagged in performance so far this year, which includes sectors like energy and consumer staples.”The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization.
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