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3M (MMM) has an average rating of overweight and mean price target of $187.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $176.61, Change: $+3.99, Percent Change: +2.31%
3M (MMM) has an average rating of overweight and mean price target of $187.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $176.55, Change: $+3.93, Percent Change: +2.28%
John Patrick Banovetz, Executive Vice President, on July 23, 2026, sold 7,880 shares in 3m (MMM) for $1,343,067. Following the Form 4 filing with the SEC, Banovetz has control over a total of 50,057 common shares of the company, with 50,057 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/66740/000006674026000255/xslF345X05/form4.xml
Kevin H Rhodes, Executive Vice President, Chief Legal Officer & Secretary, on July 22, 2026, sold 7,669 shares in 3M (MMM) for $1,312,933. Following the Form 4 filing with the SEC, Rhodes has control over a total of 43,780 common shares of the company, with 43,780 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/66740/000006674026000252/xslF345X05/form4.xml
3M (MMM) could deliver faster growth, higher earnings and stronger margins over the next several years as new products, cost savings and improving demand support results, UBS said in a note emailed Wednesday.UBS raised its 2027 earnings estimate to $10.46 per share, about 10% above the market consensus, based on expected organic sales growth of 5% and continued productivity gains, and expects 3M to generate about $800 million more operating profit in 2027, helped by higher sales and $600 million in net productivity, partly offset by increased investment and stranded costs.3M's product pipeline should become a larger growth driver as the company works toward launching more than 1,000 products by 2027, including more than 350 this year, which should support mid-single-digit growth over time because new launches usually take two to three years to reach full sales potential, UBS said.The investment firm also sees possible upside to 3M's 2026 outlook, saying the company's guidance appears cautious after strong H1 earnings, continued order growth and healthy demand in industrial, safety and data-center markets.UBS kept the company's buy rating and raised the price target to $218 from $190.Price: $172.14, Change: $+1.38, Percent Change: +0.81%
3M's (MMM) implied guidance for the second half of the year is "conservative," in line with its "under-promise, over-deliver" playbook, RBC Capital Markets analysts said in a Tuesday note.Analysts said the company's Q2 results were a "strong" beat, driven by upside organic growth in its Safety and Industrial and Transportation and Electronics businesses.RBC said the biggest surprise in the company's quarterly report was Safety and Industrial organic growth of 8.2%, surpassing expectations of 5%, and double-digit growth in electrical markets, industrial adhesives, abrasives, and industrial specialties.The company expects continued momentum in general industrial, safety, and datacenter, and continued softness in consumer and consumer electronics, analysts said.RBC retained an underperform rating on the stock, but increased its price target to $132 from $123.Price: $173.08, Change: $+2.32, Percent Change: +1.36%
3M (MMM) has an average rating of overweight and mean price target of $183.40, according to analysts polled by FactSet.Price: $173.79, Change: $+3.03, Percent Change: +1.77%
(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose in a broad-based rally, as chipmakers boosted technology to the top of sector charts and helped offset a move higher in crude oil amid renewed threats of more hostilities in the Middle East.The Nasdaq Composite jumped 1.3% to 25,837.21, with the S&P 500 up 0.9% to 7,509.20 and the Dow Jones Industrial Average higher by 0.7% to 52,224.64 on Tuesday. Technology was the standout performer, up 2.4%, followed by energy. Consumer staples and communication services were the sole decliners.Out of the top ten companies with a market capitalization of more than $200 billion each, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, seven were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum. Intel's shares surged 8.6%, one of the top gainers on the S&P 500 and the Nasdaq."Stock traders have shrugged off the news from the [Iran] War in favor of buying the chip makers again, presumably on the hope that the AI hyperscalers, when they report Q2 earnings over the next few days, will also report large capital spending plans," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note. "That's hoped to boost the earnings outlooks for the hardware makers."President Donald Trump delivered a dim view of possible talks with Iran to end the war, telling reporters Tuesday that the US has "no interest in meeting" until Iran is ready to convene "in a meaningful way," the Associated Press reported.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.The front-month US West Texas Intermediate rose 2% to $84.91 a barrel, and global benchmark North Sea Brent climbed 2.5% to $91.41 a barrel.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped 4.9 basis points to 4.26%.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In precious metal markets, gold futures advanced 1.8% to $4,086.9, and silver futures jumped 3.4% to $59.03.
(Updates with market moves at the end of the day.)US equities advanced Tuesday after a three-day slump, with chip stocks lifting the technology sector, even as oil prices rose amid heightened tensions in the Middle East.The Nasdaq Composite climbed 1.3% to 25,837.21, while the S&P 500 gained 0.9% to close at 7,509.20. The Dow Jones Industrial Average rose 0.7% to 52,224.64. Barring consumer staples and communication services, all sectors ended in the green, led by tech's 2.4% gain.Micron Technology (MU) was among the best performers on the S&P 500, up 12%, while Sandisk (SNDK) surged 14%, the index's top gainer. Intel (INTC) jumped 8.6%, while Nvidia (NVDA) rose 2%, among biggest gainers on the Dow."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2% at $84.91 a barrel in Tuesday late-afternoon trade, while Brent rose 2.5% to $91.44.The US will hit the area of Pickaxe Mountain "probably pretty soon," news outlets reported, citing President Donald Trump. The underground facility is reportedly believed to be connected to Iran's nuclear program.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher, with the two-year rate up 4.9 basis points at 4.26% and the 10-year rate rising 3.2 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock jumped 7.3%, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 4.9%.Danaher (DHR) slid 11%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.8% to $4,088.40 per troy ounce, while silver climbed 3.5% to $59.05 per ounce.
US equity indexes ended higher on Tuesday as semiconductor stocks led gains in the technology sector amid diplomatic developments to rein in hostilities in the Middle East.* Iranian Interior Minister Eskandar Momeni arrived in Pakistan for high-level talks, news reports said. Mediators are proposing a 10-day ceasefire between Washington and Tehran, according to a Reuters report. President Donald Trump said Tehran is "desperate" to meet and talk, and threatened to attack a reported new Iranian nuclear site "very heavily," Al Jazeera reported.* Redbook US same-store sales last week rose 7.8% from a year earlier after an 8.2% increase in the previous week.* The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in June.* August West Texas Intermediate crude oil rose $1.76 to settle at $84.99 per barrel, while September Brent crude, the global benchmark, was last seen up $2.25 at $91.47.* 3M (MMM) shares rose 7.3%, the top gainer on the Dow, as the company raised its full-year earnings outlook after reporting Q2 results above Wall Street's estimates.* Danaher (DHR) shares fell 11%, the biggest drop on the S&P 500, after the company tempered full-year revenue-growth guidance even as fiscal Q2 topped estimates.
3M (MMM) has an average rating of overweight and mean price target of $175.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $170.67, Change: $+11.56, Percent Change: +7.26%
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as a rally in chip stocks drove the technology sector higher, even as tensions between the US and Iran remained high.The Nasdaq Composite was up 1.4% at 25,854.7 after midday Tuesday, while the S&P 500 advanced 0.9% to 7,508.7. The Dow Jones Industrial Average rose 0.9% to 52,280.4. Most sectors were in the green, led by tech's 2.2% gain, while consumer staples led the laggards.Micron Technology (MU) was among the best performers on the S&P 500, up nearly 13%, along with Sandisk (SNDK), which also surged almost 13%. Intel (INTC) jumped 8.1%, while Nvidia (NVDA) also moved higher."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2.4% at $85.25 a barrel intraday, while Brent rose 2.1% to $91.07.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.8 basis points at 4.25% and the 10-year rate rising 2.8 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock was up 7.5% intraday, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 5.4%.Danaher (DHR) slid 12%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.6% to $4,079.80 per troy ounce, while silver climbed 3.6% to $59.12 per ounce.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose after midday Tuesday as a sharp move in chipmakers lifted technology to the top of sector charts and crude oil advanced amid diplomatic maneuvers to end hostilities in the Middle East.The Nasdaq Composite jumped 1.4% to 25,857.7, with the S&P 500 up 0.9% to 7,512.1 and the Dow Jones Industrial Average higher by 0.8% to 52,276.9.All sectors, except consumer staples, communication services, and real estate, rose. Technology was the standout gainer, up 2.2%.Out of the top ten companies with a market capitalization of more than $200 billion, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, six were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Its shares surged 8.1%, one of the top gainers on the S&P 500 and the Nasdaq.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, Iranian Interior Minister Eskandar Momeni arrived in Pakistan for high-level talks, news reports said. Mediators are proposing a 10-day ceasefire between Washington and Tehran, according to a Reuters report. President Donald Trump said Tehran is "desperate" to meet and talk, and threatened to attack a reported new Iranian nuclear site "very heavily," Al Jazeera reported.The front-month US West Texas Intermediate rose 2.4% to $84.44 a barrel, and global benchmark North Sea Brent climbed 2.2% to $91.19 a barrel as diplomatic channels remain open amid a severe escalation in the war.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped four basis points to 4.26%.In precious metal markets, gold futures advanced 1.5% to $4,076.7, and silver futures surged 3.7% to $59.19.In economic news, Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in the previous month, indicating expansion in the sector. This is the first positive reading for the index since October 2024.
All three major US stock indexes were up in late-morning trading Tuesday, as investors focused on some strong corporate earnings reports.In company news, 3M (MMM) reported Q2 adjusted earnings Tuesday of $2.40 per share, up from $2.16 a year earlier and above the FactSet consensus analyst estimate of $2.25. Second-quarter revenue was $6.5 billion, up from $6.34 billion a year ago and above the FactSet consensus of $6.40 billion. For fiscal 2026, the company expects adjusted EPS of $$8.80 to $8.95, up from its previous outlook of $8.50 to $8.70 and above the FactSet consensus of $8.74. 3M shares were up 8.7% around midday.Novo Nordisk (NVO) said Tuesday it filed a lawsuit against Eli Lilly (LLY) in the US District Court for the District of New Jersey alleging the drugmaker's advertising for Zepbound and Mounjaro violates federal and state false advertising and unfair competition laws. Novo shares were down 0.3%, while Lilly shares were up 1.3%.Utz Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said Tuesday. The price represents an enterprise value of about $2.9 billion and a 91% premium over Utz's closing price on July 20, the companies said. The deal is expected to close in Q4, subject to regulatory and other conditions, they said. Utz shares were up 89.5%.Danaher (DHR) reported Q2 adjusted net earnings Tuesday of $1.94 per diluted share, up from $1.80 a year earlier and above the FactSet consensus of $1.84. Second-quarter sales were $6.27 billion, up from $5.94 billion a year ago and above the FactSet consensus of $6.11 billion. For full-year 2026, the company raised its adjusted diluted EPS guidance to $8.45 to $8.60 from $8.35 to $8.55. Analysts polled by FactSet expect $8.45. Danaher shares were down $14.1%.General Motors (GM) reported Q2 adjusted diluted EPS Tuesday of $3.57, up from $2.53 a year earlier and above the FactSet consensus of $3.19. Second-quarter revenue was $48.03 billion, up from $47.12 billion a year ago and above the FactSet consensus of $47.01 billion. For 2026, the company expects adjusted EPS of $12 to $14, compared with the FactSet consensus of $12.97. GM shares were up 4.0%.MSCI (MSCI) reported Q2 adjusted EPS of $4.94, up from $4.17 a year earlier but below the FactSet consensus of $4.99. Second-quarter operating revenue was $867 million, up from $772.7 million a year ago but below the FactSet consensus of $870.7 million. MSCI shares were down 8.7%.Price: $49.45, Change: $-0.16, Percent Change: -0.33%
3M (MMM) raised its full-year earnings outlook on Tuesday as the industrial conglomerate reported second-quarter results above Wall Street's estimates.The company now anticipates adjusted earnings between $8.80 and $8.95 per share for 2026, up from its previous guidance of $8.50 to $8.70. The consensus on FactSet is for non-GAAP EPS of $8.74. Adjusted sales are pegged to grow by more than 4.5%, compared with the prior projections for a 4% increase.The stock soared 9.8% in Tuesday trade, taking its year-to-date gain to 9%."The increase in earnings versus the prior guidance is coming from stronger sales growth, productivity gains and our capital deployment strategy," Chief Financial Officer Anurag Maheshwari said during an earnings call, according to a FactSet transcript.3M now expects oil inflation of $150 million to $175 million, up from its prior projections of $125 million, according to Maheshwari. The company aims to fully offset the impact through pricing actions it implemented in the second quarter, the CFO added.Oil prices have rallied this month as the US and Iran resumed fighting.3M posted adjusted EPS of $2.40 for the June quarter, up from $2.16 the year before, topping the Street's view for $2.25. Adjusted sales improved 5.5% to $6.5 billion, ahead of the average analyst estimate on FactSet of $6.4 billion."We delivered a strong second quarter, exceeding expectations with mid-single-digit sales growth, robust operating margins of about 25%, and double-digit EPS growth, reflecting the progress we're making on our strategic priorities," Chief Executive William Brown said in the earnings release.Revenue in the safety and industrial segment rose to $3.09 billion in the second quarter from $2.86 billion in the prior-year period, while transportation and electronics increased to $2.07 billion from $1.94 billion. Consumer sales decreased to $1.25 billion from $1.27 billion.Price: $175.50, Change: $+16.39, Percent Change: +10.30%
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Tuesday's premarket activity, as semiconductor shares rebounded and investors welcomed reports of renewed efforts to broker a ceasefire between the US and Iran.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 1.4% before the start of regular trading.State-level unemployment data for June will be released at 10:00 am ET.In premarket action, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 1.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 1.7%, and the iShares US Technology ETF (IYW) was 2.8% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 3%, while the iShares Semiconductor ETF (SOXX) rose by 4%.Calix (CALX) shares were down more than 10% in premarket activity after the company reported overnight fiscal Q3 adjusted earnings forecast below market expectations, taking the shine off its Q2 beat.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) retreated marginally by 0.03%.Magnolia Oil & Gas (MGY) stock was down more than 5% before market open after the company priced its underwritten public offering of 46.3 million Class A shares at $23.75 per share.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, the Vanguard Industrials Index Fund (VIS) was inactive, and the iShares US Industrials ETF (IYJ) rose 2%.3M (MMM) stock was up 6.7% before the opening bell after the company reported higher Q2 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.5%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) declined by 0.02%.Novartis (NVS) stock was up more than 3% premarket after the company reported higher-than-expected Q2 core earnings and net sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% higher.Columbia Financial (CLBK) shares traded down 3% in early-hours activity after the company said it completed its conversion from a mutual holding company structure and closed its previously announced $580 million acquisition of Northfield Bancorp.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.3%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated 0.01%.Genuine Parts (GPC) shares were down 6.2% pre-bell after the company reported higher Q2 adjusted earnings and net sales.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.6% to $84.55 per barrel on the New York Mercantile Exchange. Natural gas was up by 0.4% to $2.87 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 2%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for July advanced 1.2% to $4,062.80 an ounce on the Comex. Silver futures were up 3.7% to $59.17 an ounce. SPDR Gold Shares (GLD) increased 1.3%, and the iShares Silver Trust (SLV) was 4.6% higher.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Tuesday as traders digested new efforts by mediators to put peace talks between the US and Iran back on track.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 1.3% higher.The US Central Command said it completed another round of attacks against Iran on Monday evening, as news reports said Tuesday that Iran-backed Houthis in Yemen are planning a naval blockade on Saudi Arabia.Mediators are proposing a 10-day ceasefire between the two nations, giving hope that hostilities may de-escalate. Iranian Interior Minister Eskandar Momeni has asked Pakistan to resume its mediation role in the conflict and traveled to Islamabad for further discussions, according to a Reuters report.Traders took note of the latest round of earnings, with Novartis (NVS) reporting lower core earnings and higher net sales for Q2.Interactive Brokers Group (IBKR) is expected to report its Q2 financial results after the market closes. Analysts polled by FactSet expect adjusted earnings of $0.64 per share and revenue of $1.8 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $90.83 per barrel and US West Texas Intermediate crude 1.8% higher at $83.97 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 3.3% higher, Hong Kong's Hang Seng ended flat, and China's Shanghai Composite finished 1.8% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Micron Technology (MU) and SK Hynix (SKHY) stocks were up 5.6% and 5.4%, respectively, as part of a broader rebound in technology-related stocks. Novartis shares rose 3.2% after the company reported Q2 core earnings and net sales that surpassed analysts' consensus estimates. 3M (MMM) stock was up 6% after the company posted a Q2 beat for adjusted earnings and revenue, as well as raised its fiscal 2026 adjusted earnings outlook.On the losing side, Charles Schwab (SCHW) stock was down 1.3% despite the company's Q2 adjusted earnings and net revenue exceeding analysts' estimates. Danaher (DHR) shares dropped 13% despite the company reporting Q2 earnings and revenue above expectations, and raising its 2026 earnings guidance.
US equity futures were tracking in the green on Tuesday as traders await the latest batch of corporate earnings and assess the latest developments in the Middle East.The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 1.3% in premarket activity. The indexes closed the previous trading session lower.Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Northrop Grumman (NOC), General Motors (GM), D.R. Horton (DHI), Genuine Parts (GPC) and Hasbro (HAS) are some of the major companies scheduled to release their latest financial results before the bell.Interactive Brokers (IBKR) and Alaska Air (ALK) post earnings after the markets close, among others."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."The UK Maritime Trade Operations said Tuesday it has received multiple reports that a tanker was struck by an unknown projectile in the Strait of Hormuz. The US Central Command said Monday its forces completed their latest round of strikes against Iran.A senior official from Tehran told Reuters that mediators have forwarded a 10-day ceasefire proposal to Iran in an attempt to revive the interim deal reached with the US last month. Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia, effective immediately, CNBC reported, citing Yemen News Agency.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over." The US recently confirmed the passing of at least three service members during recent fighting with Iran.West Texas Intermediate crude oil edged up 0.3% to $83.49 a barrel before the opening bell, while Brent increased 0.4% to $89.60.Trump signed three proclamations on Monday to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada, in response to its "discriminatory treatment of American products," according to the White House. The tariffs are set to come into effect after 30 days.Treasury yields were moving downwards in premarket action, with the two-year rate retreating 1.9 basis points to 4.2% and the 10-year rate off 0.4 basis points to 4.59%.Gold advanced 1.4% to $4,073 per troy ounce, while bitcoin climbed 1.9% to $66,296.
3M (MMM) has an average rating of overweight and mean price target of $175.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
3M (MMM), EIDP, Chemours Co. (CC), Corteva (CTVA) and DuPont de Nemours (DD) are facing a New York State lawsuit alleging that they knowingly sold toxic polyfluoroalkyl substances -- so-called forever chemicals or PFAS -- used in a range of consumer goods.New York Attorney General Letitia James said Thursday that the chemical manufacturers produced and sold the materials despite knowing their toxicity while actively hiding environmental and health hazards from the public.Company data allegedly showed that 3M found the substances in human blood during the 1970s, while DuPont allegedly suppressed 1981 research linking the products to birth defects in exposed pregnant employees, according to the AG statement.The state is seeking a court order to establish corporate liability, force the businesses to finance environmental remediation, and secure monetary restitution alongside other penalties, the statement added.3M, EIDP, Chemours, Corteva, DuPont de Nemours did not immediately respond to' requests for comment.Price: $156.72, Change: $+2.02, Percent Change: +1.31%
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