Dow Ends Day Down 134

3M leads declines in industrial stocks
By Newser Editors and Wire Services
Posted Apr 25, 2019 3:16 PM CDT
In this April 18, 2019, file photo Tommy Kalikas, right, works with fellow traders on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Major US stock indexes ended mostly lower on Wall Street, dragged down by losses in several industrial companies, the AP reports. 3M, which makes Post-it notes and many other products, plunged 12.9% in heavy trading after announcing weak results and a restructuring program. It was the biggest loss for the company since the market crash of 1987. The loss for 3M pulled the Dow Jones Industrial Average into the red, but other indexes finished mixed. Facebook and Microsoft both rose after reporting strong earnings, pushing the Nasdaq higher. The S&P 500 index slipped 1 point to 2,926. The Dow lost 134 points, or 0.5%, to 26,462. The Nasdaq rose 16 points, or 0.2%, to 8,118. Two stocks fell for every one that rose on the New York Stock Exchange. (Read more stock market stories.)

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