Dow Shares Plunge: Loss, Dividend Cut, and Global Weakness Pressure Company

The shares of the chemical company Dow plummeted by up to 20% on Thursday, nearing their lowest level since the COVID crash in March 2020. The trigger was an unexpectedly weak quarterly result, which included not only a significant loss but also a drastic dividend cut. The company is increasingly suffering from a global demand weakness, falling prices, and geopolitical tensions that are affecting business. Significantly below expectations Dow reported a net loss of $801 million for the second quarter, compared to a profit of $458 million in the...