Thursday January 29, 07:54 PM
STOCKS NEWS US-All Dow components down except 3M Co
Stocks on the move Real (Frankfurt: BJU1.F - news) -time Equity news
U.S. stock market report
1433 ET 29Jan2009-All Dow components down except 3M Co
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Of the 30 components of the Dow Jones industrial average, 29 tradedlower on Thursday, with 3M Co the only bright spot.
Diversified manufacturer 3M rose 2.3 percent to $56.70 on Thursday, rising
as investors bet that the company was well-positioned to grow in the second
half of the year. Earlier on Thursday, 3M reported fourth-quarter earnings that
beat expectations, along with revenue that was down 11.2 percent from the prior
year.
The worst-performing company on the Dow was Boeing Co (NYSE: BA - news) , which slid
5.2 percent to $41 after Russian airline S7 canceled a contract to buy 15 of
the company's 787 Dreamliner airplanes. It will lease the planes instead.
The Dow fell 2.1 percent to 8,196.51 on Thursday.
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