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Stock impact report

Why Dow stock fell 10% on Friday [Yahoo! Finance Canada]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Chemical commodity stocks joined energy stocks as the day's worst performers after Iran said the , raising the prospect of a lasting ceasefire that could alleviate supply disruptions. Dow Inc. shares fell about 10% in afternoon trading, while those in LyondellBasell Industries ( ) and CF Industries ( ) fell 12% and 9%, respectively. The Middle East is the largest exporter of commodity chemicals worldwide, and many chemicals and plastics are derived from crude oil. Chemical commodity prices have risen since late February, with prices of polyethylene, the most commonly produced type of plastic, having risen 24% since the war began, according to Trading Economics. Even if the US and Iran reach a ceasefire and the Strait of Hormuz opens to shipping traffic, analysts expect prices to remain elevated for some time. Read more: “The reopening of the Strait of Hormuz should partially alleviate the supply shock as inventory at ports in the Persian Gulf should be able to leave,” Mor Show less Read more
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