{"id":61222,"date":"2026-04-23T14:09:24","date_gmt":"2026-04-23T18:09:24","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaytech-earnings-slump-triggers-sector-rotation-in-dow-jones\/61222\/"},"modified":"2026-04-23T14:09:24","modified_gmt":"2026-04-23T18:09:24","slug":"dowjonestodaytech-earnings-slump-triggers-sector-rotation-in-dow-jones","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaytech-earnings-slump-triggers-sector-rotation-in-dow-jones\/61222\/","title":{"rendered":"[DowJonesToday]Tech Earnings Slump Triggers Sector Rotation in Dow Jones"},"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>269.06 (-0.54%)<\/strong> points today, currently trading at <strong>49,220.97<\/strong>. <strong>Dow Futures (YM=F)<\/strong> signaled broader bearish sentiment across the floor, as the contract was down <strong>371.00 (-0.75%)<\/strong> points. The primary narrative driving the market is a sharp <strong>sell-off in the technology sector<\/strong> following disappointing quarterly results from key enterprise software players. This has triggered a significant <strong>sector rotation<\/strong> into defensive areas like consumer staples and healthcare, as investors seek safety amid renewed volatility in high-growth AI names and risk management.<\/p>\n<p>The biggest drag on the index came from <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which was down <strong>9.87%<\/strong>, and <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, which was down <strong>9.52%<\/strong>. Both companies spooked investors with lowered forward guidance regarding <strong>enterprise spending<\/strong> and cloud growth. This negative sentiment bled into other tech giants, as <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> was down <strong>4.82%<\/strong> and <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> was down <strong>2.16%<\/strong>. Additionally, <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> faced pressure, as it was down <strong>5.21%<\/strong> following concerns over consumer credit health and rising interest rate impacts.<\/p>\n<p>Conversely, value-oriented and defensive stocks provided a cushion. <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> led the gainers, as it was up <strong>2.66%<\/strong>, followed by <strong>Coca-Cola (<a href=\"\/stock\/KO\">KO<\/a>)<\/strong>, which was up <strong>2.47%<\/strong>. Industrial giant <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> also showed resilience, as it was up <strong>2.35%<\/strong>, buoyed by global machinery demand. Other gainers included <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong>, up <strong>2.00%<\/strong>, and <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong>, up <strong>1.86%<\/strong>, as the market prioritized <strong>stable earnings<\/strong> and dividend-yielding assets over volatile growth stocks today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 269.06 (-0.54%) points today, currently trading at 49,220.97. Dow Futures (YM=F) signaled [&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":[33,75,293,3016,4350,17074,17690],"class_list":["post-61222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-msft","tag-crm","tag-ibm","tag-dji","tag-dow-jones","tag-stock-market-today","tag-ai-earnings"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61222","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=61222"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61222\/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=61222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}