Dow futures losses deepen after 3M Co. says it will cut 2,000 jobs

Losses for Dow Jones Industrial Average futures sharpened Thursday morning after industrial giant 3M Co. reported quarterly results that were weaker than expected, weighing on the blue-chip index. Dow futures were down 116 points, or 0.4%, at 26,425, with shares of 3M down 7.6% before the bell, according to FactSet data. The diversified industrial, health and consumer products company reported first-quarter said it would cut 2,000 jobs and cut its 2019 full-year, earnings-per-share guidance to a range of $9.25-$9.75 from $10.45-$10.90. Meanwhile, futures for the S&P 500 index were off less than 0.1% at 2,929, while technology-driven Nasdaq-100 futures were buoyant, up 0.1% at 7,857.50.

https://finance.yahoo.com/m/ea974538...html?.tsrc=rss