3M Earnings to Sway Dow, Industrials ETFs


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Exchange traded funds (ETFs) tracking the Dow and large-cap industrial stocks were on the bill Tuesday following earnings from 3M ( MMM ).

Dow component Coca-Cola ( KO ) was also set to report results before the opening bell, while Ford ( F ) and UPS ( UPS ) announced quarterly earnings as well.

3M shares were higher in premarket trading Tuesday after the company said its quarterly profit rose.

3M is a top holding of the roughly $10 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) , accounting for 5.7% of the portfolio. It is also a key component in industrial-sector ETFs such as Vanguard Industrials ETF (NYSEArca: VIS). [Traders See Downside in Industrial Sector ETFs.]

SPDR Dow Jones Industrial Average ETF

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs
More Headlines for: F , KO , MMM , UPS

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