{"id":60690,"date":"2026-04-08T16:09:23","date_gmt":"2026-04-08T20:09:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-rockets-1300-points-on-cooling-inflation-and-rate-cut-hopes\/60690\/"},"modified":"2026-04-08T16:09:23","modified_gmt":"2026-04-08T20:09:23","slug":"dowjonestodaydow-jones-rockets-1300-points-on-cooling-inflation-and-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-rockets-1300-points-on-cooling-inflation-and-rate-cut-hopes\/60690\/","title":{"rendered":"[DowJonesToday]Dow Jones Rockets 1,300 Points on Cooling Inflation and Rate Cut Hopes"},"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 up <strong>1,325.46 (2.85%)<\/strong> points today, closing at a record-breaking <strong>47,909.92<\/strong>. This massive surge was fueled by a cooler-than-expected <strong>Consumer Price Index (CPI)<\/strong> report, which signaled that the <strong>Federal Reserve<\/strong> may finally pivot toward aggressive interest rate cuts. The narrative of a &quot;perfect soft landing&quot; dominated the trading floor, as investors aggressively rotated into cyclical sectors that benefit from lower borrowing costs and a robust housing market.<\/p>\n<p>Leading the charge, <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> skyrocketed <strong>6.97%<\/strong> to <strong>$335.69<\/strong>, while <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> surged <strong>6.60%<\/strong> to <strong>$771.33<\/strong>, reflecting renewed optimism in global infrastructure. The housing sector saw a significant boost with <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> gaining <strong>5.32%<\/strong> to <strong>$335.68<\/strong>. Financial heavyweights also joined the rally, with <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> rising <strong>4.18%<\/strong> to <strong>$900.39<\/strong> and <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> adding <strong>3.30%<\/strong> as the prospect of increased M&amp;A activity and loan demand outweighed margin concerns. <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> and <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> also posted strong gains of <strong>3.81%<\/strong> and <strong>3.72%<\/strong>, respectively.<\/p>\n<p>Conversely, the energy sector faced a sharp correction. <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> was the day&#39;s biggest laggard, tumbling <strong>5.45%<\/strong> to <strong>$190.67<\/strong> following a sudden decline in crude oil prices and a shift in capital toward growth-oriented equities. Other defensive and tech-adjacent stocks also struggled to keep pace with the broader market; <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> dropped <strong>2.68%<\/strong> to <strong>$47.33<\/strong>, and <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> declined <strong>2.19%<\/strong> to <strong>$179.14<\/strong> as traders exited &quot;safe-haven&quot; positions to chase the high-flying industrial and consumer discretionary names.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was up 1,325.46 (2.85%) points today, closing at a record-breaking 47,909.92. This massive surge [&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":[216,298,593,3016,3712,4350,17074],"class_list":["post-60690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-cat","tag-cvx","tag-shw","tag-dji","tag-cpi","tag-dow-jones","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/60690","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=60690"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/60690\/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=60690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=60690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=60690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}