Weak outlooks from 3M, DuPont sink stock market
NEW YORK (AP) – Stocks have been falling sharply on Wall Street after 3M and DuPont slashed their earnings forecasts.
The Dow Jones industrial average has been down more than 250 points.
The weak showings from the two major industrial companies were the latest pieces of bad news from the third quarter earnings season. Companies in the Standard & Poor’s 500 index are expected to report lower earnings for the first time in three years.