The Dow Jones Industrial Average (^DJI) was down 198.59 (-0.43%) points today at 46,230.90, while Dow Futures (YM=F) was down 205.00 (-0.44%) points today. The primary narrative driving the market on Thursday, March 26, 2026, is a sharp pullback in the semiconductor and industrial sectors following revised GDP data suggesting a cooling economy paired with persistent inflation. Investors are rotating out of high-valuation growth stocks as the Federal Reserve maintains a cautious stance on interest rate cuts, fueling a broader risk-off sentiment across the New York Stock Exchange.
Leading the decline is the semiconductor giant Nvidia (NVDA), which was down 2.26% to $174.63 as profit-taking intensified. Industrials also struggled significantly, with Boeing (BA) down 1.87% to $195.95 and Caterpillar (CAT) down 1.60% to $707.48, reflecting concerns over slowing global manufacturing demand. Financial heavyweight Goldman Sachs (GS) was down 1.50% to $828.78, while 3M (MMM) fell 1.38% to $146.11, and Home Depot (HD) fell 1.04% to $328.95.
Conversely, Chevron (CVX) was the top performer, up 1.66% to $208.57 on rising oil prices. Salesforce (CRM) followed, up 1.64% to $184.90, while Apple (AAPL) gained 1.54% to $256.50 as investors sought safety in high-cash-flow leaders. Other gainers included Verizon (VZ), up 1.27% to $51.00, and Cisco Systems (CSCO), which was up 0.98% to $82.50, providing a defensive buffer for the index today.
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.