{"id":59480,"date":"2026-03-06T10:09:32","date_gmt":"2026-03-06T14:09:32","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-robust-jobs-data-fuels-rate-concerns\/59480\/"},"modified":"2026-03-06T10:09:32","modified_gmt":"2026-03-06T14:09:32","slug":"dowjonestodaydow-jones-slumps-as-robust-jobs-data-fuels-rate-concerns","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-robust-jobs-data-fuels-rate-concerns\/59480\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Robust Jobs Data Fuels Rate Concerns"},"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 (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> was down <strong>784.67 (-1.61%)<\/strong> points today, falling to <strong>47,954.74<\/strong> as investors reacted to a volatile macroeconomic landscape. This downward pressure was mirrored in the derivatives market, where <strong>Dow Futures (YM=F)<\/strong> was down <strong>650.00 (-1.35%)<\/strong> points today. The primary narrative driving the sell-off was the release of the <strong>February Non-Farm Payrolls<\/strong> report, which showed unexpectedly resilient labor demand. This data sparked immediate concerns that the <strong>Federal Reserve<\/strong> might maintain a restrictive monetary policy for longer than anticipated to combat persistent inflationary pressures.<\/p>\n<p>Despite the broad market retreat, a handful of enterprise tech and energy names managed to post gains. <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> led the index, moving up <strong>4.77%<\/strong> to <strong>$201.39<\/strong> following positive sentiment regarding its AI-integrated software margins. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> followed suit, gaining <strong>2.78%<\/strong> to reach <strong>$256.55<\/strong>, while <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> rose <strong>2.00%<\/strong> to <strong>$189.90<\/strong> as geopolitical tensions supported crude prices. Other notable performers included <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong>, which was up <strong>1.47%<\/strong>, and <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>, which gained <strong>1.08%<\/strong> to <strong>$218.94<\/strong>.<\/p>\n<p>The financial and industrial sectors bore the brunt of the day&#39;s selling. <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> was the biggest laggard, dropping <strong>3.60%<\/strong> to <strong>$835.46<\/strong>, closely followed by <strong>Merck (<a href=\"\/stock\/MRK\">MRK<\/a>)<\/strong>, which was down <strong>3.56%<\/strong> at <strong>$116.07<\/strong>. Industrial giants and materials companies also faced steep declines; <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> fell <strong>3.51%<\/strong>, <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> was down <strong>3.50%<\/strong>, and <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> dropped <strong>3.47%<\/strong> to <strong>$706.08<\/strong>. Consumer-facing stocks like <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong> and <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> also struggled, falling <strong>3.25%<\/strong> and <strong>1.87%<\/strong> respectively, as higher-for-longer rate fears dampened outlooks for discretionary spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 784.67 (-1.61%) points today, falling to 47,954.74 as investors reacted to a [&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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