{"id":59914,"date":"2026-03-18T11:09:31","date_gmt":"2026-03-18T15:09:31","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodayfeds-higher-for-longer-stance-pressures-dow-jones-on-wednesday\/59914\/"},"modified":"2026-03-18T11:09:31","modified_gmt":"2026-03-18T15:09:31","slug":"dowjonestodayfeds-higher-for-longer-stance-pressures-dow-jones-on-wednesday","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodayfeds-higher-for-longer-stance-pressures-dow-jones-on-wednesday\/59914\/","title":{"rendered":"[DowJonesToday]Fed&#8217;s &#8220;Higher-for-Longer&#8221; Stance Pressures Dow Jones on Wednesday"},"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>319.88 (-0.68%)<\/strong> points today, reaching <strong>46,673.38<\/strong>. The primary catalyst for the decline was the <strong>Federal Reserve&#39;s<\/strong> interest rate decision. While the central bank held rates steady, the updated &quot;dot plot&quot; suggested fewer rate cuts than previously anticipated for the remainder of <strong>2026<\/strong>, sparking a sell-off across multiple sectors. <strong>Dow Futures (YM=F)<\/strong> reflected this bearish sentiment, as they were down <strong>475.00 (-1.00%)<\/strong> points during the session.<\/p>\n<p>Energy and healthcare stocks offered minor support to the index, acting as defensive hedges. Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>) was up <strong>0.94%<\/strong> to <strong>$199.67<\/strong>, while Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) was up <strong>0.28%<\/strong> to <strong>$238.74<\/strong>. Industrial leader Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>) also managed a slight gain, as it was up <strong>0.14%<\/strong> to <strong>$702.97<\/strong>. High-growth names like Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) saw muted activity, as it was up <strong>0.09%<\/strong> to <strong>$182.27<\/strong>, while Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) was up <strong>0.01%<\/strong> to <strong>$806.79<\/strong>.<\/p>\n<p>The downside was dominated by industrial and consumer staples sensitive to borrowing costs. 3M (<a href=\"\/stock\/MMM\">MMM<\/a>) was down <strong>3.03%<\/strong> to <strong>$144.66<\/strong>, leading the losers. Materials firm Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>) was down <strong>2.61%<\/strong>, and consumer giant Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>) was down <strong>2.34%<\/strong>. In the financial and retail space, Visa (<a href=\"\/stock\/V\">V<\/a>) was down <strong>2.18%<\/strong> and Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) was down <strong>2.08%<\/strong>. Tech contributors also struggled, with Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>) down <strong>1.14%<\/strong> and Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) down <strong>1.60%<\/strong>, as sustained high interest rates weighed on equity valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 319.88 (-0.68%) points today, reaching 46,673.38. The primary catalyst for the decline [&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":[17736],"tags":[33,298,1773,3016,3710,3745,3785,3878,3880,4350],"class_list":["post-59914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-msft","tag-cvx","tag-mmm","tag-dji","tag-federal-reserve","tag-v","tag-pg","tag-hd","tag-fomc","tag-dow-jones"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59914","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=59914"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59914\/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=59914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=59914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=59914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}