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WALL ST. LOWER AS EARNINGS FROM SOME BIG NAMES DISAPPOINT


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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#WallStreet #Scotchtape #whirlpool

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