{"id":59361,"date":"2026-03-03T13:09:36","date_gmt":"2026-03-03T17:09:36","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-tumbles-on-manufacturing-slump-and-inflation-fears\/59361\/"},"modified":"2026-03-03T13:09:36","modified_gmt":"2026-03-03T17:09:36","slug":"dowjonestodaydow-jones-tumbles-on-manufacturing-slump-and-inflation-fears","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-tumbles-on-manufacturing-slump-and-inflation-fears\/59361\/","title":{"rendered":"[DowJonesToday]Dow Jones Tumbles on Manufacturing Slump and Inflation Fears"},"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>692.90 (-1.42%)<\/strong> points today, falling to <strong>48,211.88<\/strong>, while <strong>Dow Futures (YM=F)<\/strong> was down <strong>662.00 (-1.35%)<\/strong> points. The primary narrative driving the sell-off was a sharp contraction in <strong>manufacturing activity<\/strong> and rising <strong>inflationary pressures<\/strong> revealed in the latest <strong>ISM Manufacturing PMI<\/strong> report. This economic data sparked fears of &quot;stagflation,&quot; prompting a rotation out of cyclical and industrial sectors. Market sentiment turned bearish as traders weighed the possibility of the <strong>Federal Reserve<\/strong> maintaining higher interest rates for longer to combat persistent price increases across the supply chain.<\/p>\n<p>Despite the broad decline, a few defensive and tech-oriented stocks managed to stay in the green. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> led the gainers, as it was up <strong>1.20%<\/strong> to <strong>$242.26<\/strong>, buoyed by enterprise AI demand. <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> followed, as it was up <strong>1.19%<\/strong> to <strong>$50.62<\/strong>, serving as a safe-haven play for investors seeking yield. Other notable performers included <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which was up <strong>0.78%<\/strong> to <strong>$194.82<\/strong>, and <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong>, which was up <strong>0.32%<\/strong> to <strong>$399.83<\/strong>, as software resilience provided a buffer against macroeconomic headwinds affecting the physical goods sector.<\/p>\n<p>Industrials and consumer sectors bore the brunt of losses. <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> was the biggest laggard, as it was down <strong>4.04%<\/strong> to <strong>$721.99<\/strong>, on global construction demand concerns. <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> was down <strong>3.05%<\/strong> to <strong>$345.11<\/strong>, and <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong> was down <strong>3.03%<\/strong> to <strong>$59.18<\/strong> amid slowing spending. Other significant decliners included <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong>, down <strong>2.73%<\/strong> to <strong>$159.04<\/strong>, and <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong>, down <strong>2.61%<\/strong> to <strong>$223.80<\/strong>, as high input costs weighed on blue-chip sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 692.90 (-1.42%) points today, falling to 48,211.88, while Dow Futures (YM=F) was [&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 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