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Avoid These 2 Dow Jones Stocks That Fell More Than 10% in Q3 By StockNews


© Reuters. The Dow Jones Stocks that dropped more than 10% in Q3 should be avoided

The major stock market indexes are expected to remain volatile for at least the near term, given inflation concerns and a continuing rise in COVID-19 cases that threatens the economy’s recovery. The delay in the passage of a bill for infrastructure spending is another reason. We believe Dow Jones stock prices are safe given the current volatility of the market. Caterpillar It is best to avoid 3M Company and (NYSE:) which both suffered more than 10% declines in their prices in the third quarter. Keep reading. To 34746.25, the benchmark lost 8.69 points or 0.1%. Rising inflation worries and Congressional negotiations over the U.S. debt limit are driving market volatility. Due to the rising number of COVID-19 cases, U.S. consumers confidence dropped to seven months in September. This is threatening global economic recovery.

Expect a much-anticipated bill on infrastructure to help boost America’s economy as well as benefit its industrial sector. The U.S. House of Representative delayed voting on the bipartisan bill because the democrats could not reach an agreement.

We believe fundamentally poor Dow Jones stocks Caterpillar Inc., (NYSE:), and 3M Company, (MMM) are better avoided due to market volatility. The prices of these Dow Jones stocks fell more than 10% during the third quarter.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.