The four Dow Jones Industrial Average DJIA components that reported earnings Tuesday are accounting for more than a third of the Dow’s projected declines ahead of the open. Among Dow components that reported, shares of 3M Co. MMM shed 4.9% to lead the decliners, with the implied price decline representing about a 38-point reduction in the Dow’s price. Verizon Communications Inc.’s stock VZ followed with a 2.2% drop, and a 6-point cut in the Dow’s price.
The four Dow Jones Industrial Average DJIA components that reported earnings Tuesday are accounting for more than a third of the Dow’s projected declines ahead of the open. Among Dow components that reported, shares of 3M Co. MMM shed 4.9% to lead the decliners, with the implied price decline representing about a 38-point reduction in the Dow’s price. Verizon Communications Inc.’s stock VZ followed with a 2.2% drop, and a 6-point cut in the Dow’s price.
Earnings bad so far
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