January 24, 2023

STOCK MARKET NEWS: 3M job cuts, Ticketmaster hearing, Amazon’s drug perk

Breaking News

Futures at a glance

Symbol	Price	Change	%Change
MMM	$122.62	1.97	1.63
JNJ	$168.31	-0.43	-0.25
GE	$79.77	2.09	2.69

U.S. stocks fell across the board as investors digest mixed earnings from the likes of 3M Johnson & Johnson and General Electric.

Over the last five days, the Dow is now down around 2.33%, the S&P remains up around 0.16%, and the tech-heavy Nasdaq is now roughly 2.42% higher during the same time.

In commodities, West Texas Intermediate crude futures spiked 0.55% to $82.07 a barrel, as gold added 0.48% to $1,937.80 an ounce.

Breaking News

3M slashing jobs

3 M Co.

$

122.62

3M, the maker of Post It Notes and Scotch Tape, will cut 2,500 workers citing macroeconomic challenges CEO Mike Roman announced.

Developing Story

Ticketmaster, Live Nation on Capitol Hill

After bungling Taylor Swift’s splashy tour, the online ticket sellers have some explaining to do before Congress.

Tax Check

The new year is also bringing big tax changes to both small and large businesses.

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