Walgreens' stock selloff could cut about 30 points off the Dow's price

Shares of Walgreens Boots Alliance Inc. WBA, -0.94% took a 6.3% dive in premarket trade Tuesday, in the wake of disappointing second-quarter results and guidance, putting them on track to open at the lowest price seen during regular session hours since June 2018. The implied price decline would shave nearly 30 points off the Dow Jones Industrial Average’s DJIA, +0.15% price, while Dow futures YMM9, +0.21% were little changed. Walgreens missed profit expectations, to snap a 7-quarter streak of beats, and for just the second time in 19 quarters.

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