The fear gripping investors washed over Minnesota's biggest companies Monday, with the shares of some approaching or setting new 52-week lows.
It was an especially bad day for financial-service firms, including UnitedHealth Group and Travelers Companies. Shares of UnitedHealth had not closed below $22 since 2002; Monday they ended down $4.81, or 18.6 percent, at $21.
3M Co., Minnesota's lone representative in the Dow Jones industrial average, fell 4.5 percent to $66.32, its lowest close since 2006. 3M traded as high as $97 a year ago but has inched lower week by week since then.
CEO George Buckley of 3M told Wall Street investors two weeks ago that he still expects the company's earnings will grow 10 percent for the year. "The core of 3M is very strong and getting stronger," he said.
DEE DEPass
