The Dow Futures (YM=F) was down 248.00 (-0.4754%) points today, Monday, September 28th, 2026, as investors grappled with a cautious outlook on global growth and shifting interest rate expectations. The main narrative driving the market stems from a combination of softening manufacturing data and a rebalancing of tech-heavy portfolios following recent volatility. While inflationary pressures appear to be stabilizing, the broader market remains sensitive to corporate guidance and the potential for a restrictive monetary policy environment heading into the final quarter of the year.
Leading the gainers today was 3M Company (MMM), which was up 3.70% to $148.62 following a favorable legal settlement update that bolstered investor confidence in the industrial giant’s long-term liability outlook. The semiconductor sector also provided a bright spot, as Nvidia (NVDA) was up 1.77% to $225.01, driven by continued demand for AI infrastructure. Other notable performers included Johnson & Johnson (JNJ), which was up 1.61% to $227.63, and Cisco Systems (CSCO), which was up 1.33% to $100.48.
Conversely, the index was weighed down by significant losses in the technology and retail sectors. IBM (IBM) was down 2.42% to $213.40, marking it as one of the session’s steepest decliners amid concerns over enterprise spending cycles. Consumer-facing stocks also struggled, with Home Depot (HD) down 2.14% to $303.85 and Salesforce (CRM) down 1.64% to $168.45. Financial heavyweights faced headwinds as well, as American Express (AXP) was down 1.27% and JPMorgan Chase (JPM) was down 1.12%, reflecting a broader rotation out of cyclical assets.
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.