Dow Jones Sinks as Walmart Teams With Shopify, 3M Reports 20% Sales Decline
The Dow Jones Industrial Average (DJINDICES: ^DJI) started the week on the wrong foot, extending last week's decline. The Dow was down about 1.4% at 11:55 a.m. EDT Monday. While there was no clear driver of the decline, rising fears of a surge in COVID-19 cases could be contributing.
Shares of Walmart (NYSE: WMT) and 3M (NYSE: MMM) were able to rise on Monday despite the market's poor performance. Walmart announced a new partnership with Shopify which will increase the assortment on the retailer's website, while 3M reported a double-digit sales decline for May.
Image source: Walmart.
Source Fool.com
