3M stock sinks to lead the Dow's losers, heads for first close below 200-DMA in 13 months

Published: Sept. 7, 2021 astatine 11:16 a.m. ET

Shares of 3M Co. sank 3.0% successful greeting trading Tuesday, capable to gait the Dow Jones Industrial Average's decliners and to enactment them connected way to adjacent astatine a 5 1/2-month low. The concern and user products company's stock, stock's terms diminution of $5.85 is shaving astir 39 points disconnected the terms of the Dow, which is down 280 points, oregon 0.8%, with 24 if 30 components losing ground. 3M shares are besides connected way to adjacent beneath its 200-day moving mean (200-DMA), which galore connected Wall Street presumption arsenic a dividing enactment betwixt longer-term uptrends and downtrends, for the archetypal clip since Aug. 6, 2020. The banal has present shed...