Somber 3M Outlook Gunks Up Industrial ETFs
This article was originally published on ETFTrends.com.
Industrial sector ETFs lagged the broader market after 3M (NYSE: MMM) cut its outlook and announced it will restructure its businesses after weak sales across key markets around the world. On Thursday, the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) fell 0.5% and the Industrial Select Sector SPDR (NYSEArca: XLI) declined 2.0%. Meanwhile, industrial [...]