The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: The Dow Jones Industrial Average slumped Thursday, as shares of 3M dropped sharply following a weaker-than-expected earnings report.
The blue-chip index fell 134 points, or 0.51%, to 26462, paring early losses after the index shed more than 250 points. The S&P 500 edged down 0.04% and the technology-heavy Nasdaq Composite added 0.21%.
Shares of Dow component 3M shed 13% after the manufacturer of Post-its and industrial products said it would cut 2,000 jobs and restructure its sprawling business after demand for its tapes and adhesives fell in China and other important markets. The company said revenue fell in most of its divisions and that demand for its products was particularly weak in China and among car makers.
The declines in 3M pressured the broader market, with the industrial sector in the S&P 500 shedding 1.7%. The losses offset a 1.3% rise in the communication-services group.
Meanwhile, shares of Microsoft—another Dow component—rose 3.8% after the company posted another strong quarter. Its market value briefly eclipsed $1 trillion in early trading. Facebook , meanwhile, reported 1.56 billion daily active users globally in the latest quarter, up 8% from 1.45 billion a year ago and continuing the company’s expansion streak. Shares of the social-networking giant climbed 6.5%.
The U.S. dollar crept up to its highest level in around two years as economic data across the globe has turned weaker and central banks, including the U.S. Federal Reserve and the European Central Bank, have taken a dovish tone. Emerging markets felt the ripples from that rally on Thursday with the Turkish lira, Russian ruble and South African rand all sliding against the dollar.
The WSJ dollar index, which measures the dollar against a basket of currencies, was up 0.1%.
U.S. 10-year Treasury yields ticked up Thursday at 2.536% from 2.520%. Bond yields and prices move in opposite directions.
Elsewhere, the Stoxx Europe 600 index fell 0.2%. In Asia, the Korean Kospi index lost 0.5% while the Nikkei 225 rose about 0.5%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-04-25/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-futures-under-pressure-as-3m-co-says-it-will-cut-2000-jobs-nasdaq-set-to-resume-climb-2019-04-25/printWSJ:
https://www.wsj.com/articles/global-stocks-follow-wall-street-lower-11556179617Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-24/asia-stocks-seen-mixed-sovereign-bonds-climb-markets-wrap?srnd=premiumIBD:
https://www.investors.com/news/technology/amazon-earnings-amazon-stock-q1-2019/CNBC:
https://www.cnbc.com/2019/04/25/stock-market-earnings-in-focus-comcast-amazon-starbucks-to-report.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/weak-industrial-earnings-drag-wall-street-lower-idUSKCN1S11G8U.K.:
https://uk.reuters.com/article/uk-britain-stocks/sainsburys-drags-ftse-100-lower-taylor-wimpey-warning-knocks-housebuilders-idUKKCN1S10QREurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-dip-on-disappointing-earnings-growth-worries-idUSKCN1S113GAsia:
https://www.marketwatch.com/story/asian-markets-mixed-as-wall-street-retreats-from-record-highs-2019-04-24/printBonds:
https://www.cnbc.com/2019/04/25/us-bonds-jobless-data-auctions-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/04/25/forex-market-german-economy-central-bank-meetings-in-focus.htmlOil:
https://www.cnbc.com/2019/04/25/gold-market-dollar-moves-german-economic-data-in-focus.htmlGold
https://www.cnbc.com/2019/04/25/gold-market-dollar-moves-german-economic-data-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
