Dow Chemical Stock Declines Amid Bull Market, $2 Billion Vanishes in a Day

Dow Inc. (DOW) plunged 5.5% on April 8, closing at $39.13 on the New York Stock Exchange. Its market capitalization fell to about $28.08 billion (roughly ₩41 trillion), erasing nearly $1.47 billion (₩2.2 trillion) in a single day. Trading volume topped 14.6 million shares, underscoring short-term supply-demand volatility.

Earlier this year, Dow announced plans to cut 4,500 jobs worldwide and absorb up to $800 million in restructuring charges to strengthen its artificial intelligence and automation initiatives. In late March, expectations of rising petrochemical prices amid Middle East supply disruptions briefly sent the stock up by over 2%.

Spun off from DowDuPont in 2019, Dow is one of the world’s largest materials and petrochemical manufacturers, supplying plastics and silicone products for packaging, infrastructure, automotive, and consumer-goods applications. Confronted with an economic slowdown and soft chemical markets, the company is simultaneously pursuing large-scale cost reductions and asset restructuring, with full-year 2025 revenues projected at about $40 billion.