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WALL ST. LOWER AS EARNINGS FROM SOME BIG NAMES DISAPPOINT

  • Writer: Editor Desk
    Editor Desk
  • Oct 25, 2016
  • 1 min read

Disappointing corporate results from several heavyweights dragged down Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week. 3M (MMM.N) fell 3 percent to $165.03 after the maker of Scotch tape and Post-it notes trimmed its full-year revenue and earnings forecasts for the second time. The stock was the biggest drag on the Dow. Whirlpool (WHR.N) fell 10.5 percent to $152.60 after the home appliances maker's revenue took a hit from a strong dollar. The dollar index DXY was little changed at 98.69 against a basket of major currencies, after hitting its highest level since early February.

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