This update was written automatically with AI from market data and news wire reports, and published without review by a person.
The Dow Jones Industrial Average (^DJI) was down 128.47 (-0.24%) points today, trading at 52,346.63, while Dow Futures (YM=F) was down 210.00 (-0.40%) points. The primary narrative driving the market this Thursday, October 29, 2026, is a cautious reaction to a heavy slate of corporate earnings and fresh economic data. Investors are currently digesting the latest Personal Consumption Expenditures (PCE) price index report, which showed inflation remains slightly above the Federal Reserve's target, fueling concerns that interest rates may stay elevated for longer than previously anticipated.
Leading the gainers today is 3M (MMM), which was up 3.70% following a robust quarterly performance and an optimistic forward guidance revision. Technology giant Nvidia (NVDA) also showed strength, rising 1.77% as demand for AI infrastructure continues to outpace supply. Other notable performers include Johnson & Johnson (JNJ), up 1.61%, and Cisco Systems (CSCO), which was up 1.33%. These gains, however, were not enough to offset broader selling pressure across the blue-chip index.
On the losing side, IBM (IBM) was down 2.42% after its latest revenue figures missed analyst estimates, particularly within its consulting division. Home Depot (HD) also struggled, falling 2.14% as high mortgage rates continue to dampen consumer spending on major home improvement projects. Additionally, Salesforce (CRM) was down 1.64% and Sherwin-Williams (SHW) was down 1.36%, reflecting a broader rotation out of cyclical and software stocks as the market recalibrates expectations for the final quarter of the year.
Automated market updates written with AI from market data and news wire reports, published without human review.