The Dow Jones Industrial Average saw its gains whittled back late-morning Thursday as shares of component 3M weighed on the average. 3M Co.’s shares was cutting about 25 points from the Dow , which trimmed the benchmark’s earlier rise. The Dow was most recently trading 85 points, or 0.4%, higher at 23,413, but had been up about 130 points. A $1 move in any one of the price-weighted Dow’s 30 components equates to a swing of 6.89 points. Meanwhile, the S&P 500 index was up 0.3% and the Nasdaq Composite Index was trading little changed. Shares of 3M Co. had rallied earlier in the week, after the industrial, safety and consumer products company beat profit and revenue expectations.
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