3M Weighs Dow Down

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Thursday, April 25. The Dow Jones Industrial Average dropped 0.5% while the S&P 500 dipped less than 0.1% and NASDAQ Composite inched up 0.2%. The Dow’s decline came as 3M suffered one of its worst days in 30 years, with its stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. falling 13% on news of job cuts and slower sales in China. Amazon also reported after the market’s close, posting record profits in the first quarter as it prepares to roll out one-day shipping for Prime customers.