: 3M stock sinks toward 10-year closing low, and longest losing streak in nearly 4 months
Shares of 3M Co. MMM fell 1.6% in afternoon trading Friday, putting them on track for a 10-year closing low, as the maker of Scotch adhesives, Command hooks, N95 masks and Post-it Notes, continues to feel the weight of a slowing economy. The stock has slid 5.2% amid a four-day losing streak, which would be the longest since the four-day stretch that ended Nov. 3. The losing streak started the day Home Depot Inc. HD said it sees the home-improvement market declining if consumer demand continues to shift toward services from goods. 3M’s stock, which was headed for the lowest close since May 2, 2013, has dropped 16.3% over the past three months, while Home Depot shares have shed 7.7% and the Dow Jones Industrial Average DJIA has lost 4.2%.
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