{"id":59028,"date":"2026-02-24T08:09:23","date_gmt":"2026-02-24T12:09:23","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-ibm-and-financials-drag-index-lower\/59028\/"},"modified":"2026-02-24T08:09:23","modified_gmt":"2026-02-24T12:09:23","slug":"dowjonestodaydow-jones-slumps-as-ibm-and-financials-drag-index-lower","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-ibm-and-financials-drag-index-lower\/59028\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as IBM and Financials Drag Index Lower"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI)<\/strong> was down <strong>821.91 (-1.66%)<\/strong> points today, as the index retreated to <strong>48,804.06<\/strong>. While <strong>Dow Futures (YM=F)<\/strong> was up <strong>126.00 (+0.26%)<\/strong>, the spot market struggled under the weight of significant losses in the technology and financial sectors. The dominant narrative was a sharp correction in enterprise tech sentiment following a major decline in <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, coupled with renewed fears regarding consumer credit health that battered payment processors and major banks.<\/p>\n<p>The primary catalyst for the decline was <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, which was down <strong>12.33%<\/strong> to <strong>$223.35<\/strong>, marking one of its worst sessions in recent history following a disappointing outlook on enterprise spending. This weakness cascaded into the financial sector, where <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> was down <strong>7.06%<\/strong> and <strong>Visa (<a href=\"\/stock\/V\">V<\/a>)<\/strong> was down <strong>4.27%<\/strong>. Banking giant <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> also faced pressure, as it was down <strong>4.15%<\/strong>. Other significant decliners included <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, down <strong>3.73%<\/strong>, and <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong>, which was down <strong>3.41%<\/strong>.<\/p>\n<p>Conversely, a flight to safety supported defensive stocks. <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> was up <strong>2.63%<\/strong> to <strong>$165.17<\/strong>, while <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong> was up <strong>2.55%<\/strong>. Fast-food giant <strong>McDonald&#39;s (<a href=\"\/stock\/MCD\">MCD<\/a>)<\/strong> was up <strong>1.52%<\/strong>, and healthcare leader <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> was up <strong>1.36%<\/strong>. Despite the broader tech rout, <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> showed resilience, as it was up <strong>1.11%<\/strong>, alongside <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>, which was up <strong>1.10%<\/strong>, as investors sought quality in mega-cap growth names.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 821.91 (-1.66%) points today, as the index retreated to 48,804.06. While Dow [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50368,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6803],"tags":[277,293,808,3016,3785,4350,4380,17612],"class_list":["post-59028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-summary-snippets","tag-wmt","tag-ibm","tag-axp","tag-dji","tag-pg","tag-dow-jones","tag-stock-market","tag-february-24-2026"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=59028"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50368"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=59028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=59028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=59028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}