{"id":60512,"date":"2026-04-03T14:09:23","date_gmt":"2026-04-03T18:09:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-strong-jobs-data-fuels-rate-concerns\/60512\/"},"modified":"2026-04-03T14:09:23","modified_gmt":"2026-04-03T18:09:23","slug":"dowjonestodaydow-jones-slips-as-strong-jobs-data-fuels-rate-concerns","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-strong-jobs-data-fuels-rate-concerns\/60512\/","title":{"rendered":"[DowJonesToday]Dow Jones Slips as Strong 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 (^DJI)<\/strong> was down <strong>61.07 (-0.1311%)<\/strong> points today, currently trading at <strong>46,504.67<\/strong>, as investors digested the <strong>April Employment Situation report<\/strong>. The primary narrative driving the market was a <strong>stronger-than-expected labor market<\/strong>, which raised fears that the <strong>Federal Reserve<\/strong> will maintain high interest rates to combat persistent inflation. This &quot;hawkish&quot; outlook led to a spike in <strong>Treasury yields<\/strong>, putting significant pressure on the housing and industrial sectors while allowing certain technology and defensive stocks to outperform.<\/p>\n<p>Leading the gains, <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was up <strong>2.12%<\/strong> to <strong>$248.16<\/strong>, followed by <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, which was up <strong>1.63%<\/strong> to <strong>$79.02<\/strong>. Other notable performers included <strong>Travelers (<a href=\"\/stock\/TRV\">TRV<\/a>)<\/strong>, up <strong>1.19%<\/strong> at <strong>$293.99<\/strong>, and <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong>, which was up <strong>1.18%<\/strong> to <strong>$277.26<\/strong>. Tech giant <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> also showed strength, as it was up <strong>1.09%<\/strong> to <strong>$373.46<\/strong>, while <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> was up <strong>0.96%<\/strong> to <strong>$198.97<\/strong>.<\/p>\n<p>Conversely, the biggest losers were concentrated in rate-sensitive industries. <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> was down <strong>2.36%<\/strong> to <strong>$318.00<\/strong>, and <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> was down <strong>2.26%<\/strong> to <strong>$321.63<\/strong> as the prospect of higher mortgage rates cooled sentiment. <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> was down <strong>1.75%<\/strong> to <strong>$717.22<\/strong>, reflecting a pullback in industrial growth expectations. Other decliners included <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong>, down <strong>1.56%<\/strong> at <strong>$347.94<\/strong>, and <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong>, which was down <strong>1.52%<\/strong> to <strong>$44.19<\/strong>. <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> also struggled, as it was down <strong>0.62%<\/strong> to <strong>$143.12<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 61.07 (-0.1311%) points today, currently trading at 46,504.67, as investors digested the [&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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