Dow in danger of another unanimous selloff as all 30 stocks fall premarket

Dow in danger of another unanimous selloff as all 30 stocks fall premarket

Dow in danger of another unanimous selloff as all 30 stocks fall premarket

All 30 Dow Jones Industrial Average components are falling in premarket trading Monday, as the previous session’s 1000+-point plunge, sparked by hawkish comments from Federal Reserve Chairman Jerome Powell, looked set to continue. Dow futures slid 277 points, or 0.9%. The biggest Dow decliner ahead of the open was Dow Inc.’s stock , which fell 2.1% after KeyBanc Capital turned bearish on the chemicals and specialty materials company, citing concerns over “meaningful” commodity exposure and expectations that earnings will approach “recession” levels. 3M Co.’s stock , which had tumbled 9.5% to lead all 30 Dow stocks lower on Friday, fell another 0.5% in Monday’s premarket. The best Dow performer in Monday’s premarket was Walmart Inc.’s stock , which slipped 0.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.