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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
Shares of Dow are down 24.4% while shares of DuPont are down 26.8% since the announcement of their proposed merger in late 2015. On Dec. 11, 2015 DuPont (NYSE:DD) and Dow Chemical (NYSE:DOW) proposed an all-stock merger of equals. The combined company will spin-off three independent companies over the subsequent 18 to 24 months after the closing of the merger.