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

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All 30 Dow Jones Industrial Average DJIA, -1.11% 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 YM00, -0.91% slid 277 points, or 0.9%. The biggest Dow decliner ahead of the open was Dow Inc.’s stock DOW, -2.53%, 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 MMM, -2.15%, 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 WMT, -0.59%, which slipped 0.2%.

This article was originally published by Marketwatch.com. Read the original article here.

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