The Dow Jones Industrial Average (^DJI) was down 18.41 (-0.0364%) points today, trading at 50,625.87 as investors weighed mixed economic signals. Dow Futures (YM=F) was down 28.00 (-0.0552%) points. The market narrative was driven by revised GDP data and anticipation of tomorrow’s PCE inflation report. This created a cautious atmosphere, leading to sector rotation toward defensive plays across the blue-chip index.
3M (MMM) led the gainers, as it was up 3.70% to $148.62 on restructuring optimism. Nvidia (NVDA) remained strong, up 1.77% to $225.01, while Johnson & Johnson (JNJ) was up 1.61% at $227.63. Other gainers included Cisco Systems (CSCO), up 1.33%, and UnitedHealth Group (UNH), which was up 1.00% to $399.64. Boeing (BA) and Goldman Sachs (GS) also saw modest gains of 0.61% and 0.58%.
On the downside, IBM (IBM) was down 2.42% to $213.40 following soft enterprise guidance. Home Depot (HD) was down 2.14% to $303.85 amid persistent interest rate concerns. Salesforce (CRM) was down 1.64%, and Sherwin-Williams (SHW) was down 1.36%. Large-cap tech and financials struggled, with Microsoft (MSFT) down 0.95% and JPMorgan Chase (JPM) down 1.12%. American Express (AXP) also fell, as it was down 1.27% to $310.29, while Caterpillar (CAT) was down 1.22%.
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.