Dow (DOW), the holding company of Dow Chemical Company, was one of the worst-performing stocks in the Dow Jones Industrial Average (DJIA) on Friday.
Dow isone of the worst-performing Dow Jones stocks on Friday. The market is somewhat volatile on the year's third triple witching day. Large volumes of stocks are traded on triple witching days when options expire. Dow receives$100 million from the Department of Energy to build chemical plant for batteries. Dow , the holding company of Dow Chemical Company, was one of the worst-performing stocks in the Dow Jones Industrial Average on Friday.
Buffet’s Apple shares have been locked up since 2016, so they subtracted from the float available to index makers. Free in the larger market, Apple stock will now see lots of buying volume on Friday as index funds and others trying to mirror the major indices give it a heavier weighting in their portfolios. For its own sake, news on the Dow front is actually quite good. The US Department of Energy approved $100 million for Dow as part of a $3 billion allotment for US battery production.
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