Dow Jones closed slightly lower for the sixth consecutive day as investors prepare for the busiest earnings day of quarter. The index closed 28.42 points, or 0.11%, lower, at 26,805.53,
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Dow was dragged lower mostly due to the 4% drop in the 3M stock, formerly known as the Minnesota Mining and Manufacturing Company, after the company announced a miss on revenues and lowered forecast.
“We continued to face softness in certain end markets; namely China, automotive and electronics, which represent 30% of our company,” Chief Executive Michael Roman said on the post-earnings conference call.