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Dow falls 250 points that 3M slashes guidance, announces work reductions



US shares withdrew Thursday morning, with those for Dow under pressure after disappointing the 3M Co. earnings, while positive technological performance reports outperformed Nasdaq and S & P 500.

Based on a couple of quarterly results, investors have weighed still signs of weak growth permeating international economies.

How did the benchmarks go?

Dow Jones Industrial Average

DJIA, -0.72%

lost 250 points, or 0.9%, at the 26 353, S & P 500 index

SPX, -0.1

0%

edged 9 points, or 0.3%, lower of 2.917, while the Nasdaq Composite Index

COMP, + 0.09%

fell 7 points, or 0.1%, at 8.095.

On Wednesday, Dow fell 59.34 points, or 0.2% to 26.597.05, while the S & P 500 index drove 6.43 points, or 0.2% to 2,927.25. The Nasdaq Composite Index fell 18.81 points, or 0.2% to 8.102.01. During the session, the tech-heavy index set a new intraday high of 8,139.55.

See: Stock markets call records and bonds also collect

What has run the market?

Guidance from US companies on economy and business climate has helped support a most steady rise in stock markets so far this week, but growing signs of economic weakness across Europe to Australia have shaded markets.

Major global exporter South Korea (paywall), was one of the latest indicators of a withdrawal expansion when the Asian country's gross domestic product shrank by 0.3% in the first quarter, marking its worst performance in more than a decade. The data comes one day after a reading of consumer prices in Australia was flat in the first quarter, and increased expectations of a surcharge from the Reserve Bank of Australia.

The weakness of the weak has prompted central banks, including the Reserve Bank of Australia, the Bank of Canada and the Bank of Japan to adopt more stupid political conditions, which in turn have pushed US dollars to about two years high, which is considered to hold the potential to multinational multifunctional companies at some point.

At the same time, a parade of earnings coiled with [3] Co .

-11.16%

especially by running early market activation after the diversified industrial giant turned its guidance throughout 2019 and said it would cut 2000 jobs by a drop in the company's stock that delivered stiff headwind for the weighted Dow indus trials. Meanwhile, Microsoft Corp. .


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