US Stocks Movement | Dow Chemical drops 5.8% as this quarter's net sales guidance falls short of expectations

Glonghui, January 29｜A certain exchange fell 5.8%, closing at $26.16. In terms of news, the exchange's net sales in the fourth quarter of last year dropped 9% year-on-year to $9.46 billions, with an adjusted loss per share of $0.34, better than the market's expected loss of $0.46. The company expects net sales in the first quarter to be $9.4 billions, lower than the market average expectation of $10.33 billions. The company will undergo a comprehensive restructuring, planning to lay off about 4,500 employees, accounting for 13% of its total workforce, aiming to increase profitability by at least $2 billions.