Dow is trading 4.2% down at $29.60 as investors reassess the stock's recent post-earnings rally amid concerns over underlying fundamentals.
- Shares are giving back gains from the July 23 earnings beat as the market focuses on weaker volumes and a heavy reliance on cost savings over organic growth.
- Broader risk-off sentiment and new tariff headlines are placing additional pressure on trade-exposed cyclical names.
- The move reflects a digestion of strong headline results against a backdrop of mixed demand trends and macro headwinds.