Reported 1 day ago
Dow Inc. (DOW) faced a significant decline of 17.45%, closing at $25.07, marking an end to its three-day winning streak, following disappointing Q2 earnings that resulted in a net loss of $801 million compared to a profit last year. Sales also fell by 7%, coupled with a 50% cut in dividends, which further soured investor sentiment. CEO Jim Fitterling emphasized the need for financial flexibility to focus on high-return opportunities.
Source: YAHOO