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Earnings reporters are more than 50 points off the Dow’s price

Clyde Edgerton by Clyde Edgerton
January 24, 2023
in Markets
Earnings reporters are more than 50 points off the Dow’s price
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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. Shares of Johnson & Johnson JNJ dropped 1.1%, and was taking 12 points off the Dow, while Travelers Companies Inc. shares TRV slipped 0.1% to trim 2 points off the Dow….



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Clyde Edgerton

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