The Dow Jones Industrial Average (^DJI) was up 16.51 (0.0326%) points today, reaching 50,660.79. Dow Futures (YM=F) rose 36.00 (0.0710%) points to 50,764.00. The primary narrative driving the market today, Thursday, May 28th, 2026, was the revised Q1 GDP data, which signaled a cooling economy. Investors remained cautious ahead of tomorrow’s PCE inflation report, which will guide the Federal Reserve’s next interest rate move. This data-driven environment kept the blue-chip index near its flatline as traders weighed the implications of a resilient but slowing growth trajectory.
Leading gainers, 3M (MMM) was up 3.70% to $148.62 on positive litigation news. Nvidia (NVDA) was up 1.77% to $225.01, fueled by AI sector demand. Healthcare stocks also provided significant support, with Johnson & Johnson (JNJ) up 1.61% to $227.63 and UnitedHealth Group (UNH) up 1.00% to $399.64. Additionally, Cisco Systems (CSCO) was up 1.33%, and Goldman Sachs (GS) was up 0.58% to $948.64, as some cyclical sectors found footing despite the broader market's hesitation.
Conversely, IBM (IBM) was down 2.42% to $213.40 on slowing enterprise growth. Home Depot (HD) was down 2.14% to $303.85, as high mortgage rates pressured retail. Salesforce (CRM) was down 1.64% to $168.45, and Sherwin-Williams (SHW) was down 1.36%. Financials slipped, with American Express (AXP) down 1.27% and JPMorgan Chase (JPM) down 1.12% to $301.51, reflecting broader concerns over consumer credit in a high-rate environment.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.