{"id":61225,"date":"2026-04-23T16:10:00","date_gmt":"2026-04-23T20:10:00","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-tech-giants-salesforce-and-ibm-drag-index-lower\/61225\/"},"modified":"2026-04-23T16:10:00","modified_gmt":"2026-04-23T20:10:00","slug":"dowjonestodaydow-jones-slumps-as-tech-giants-salesforce-and-ibm-drag-index-lower","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-tech-giants-salesforce-and-ibm-drag-index-lower\/61225\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Tech Giants Salesforce and IBM Drag Index Lower"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Index (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> <strong>was down 179.71 (-0.36%) points today<\/strong>, closing at <strong>49,310.32<\/strong>. Meanwhile, <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> declined by <strong>173.00 (-0.35%)<\/strong> to <strong>49,495.00<\/strong>. The session on <strong>Thursday, April 23rd, 2026<\/strong>, was defined by a stark divergence between <strong>traditional industrials<\/strong> and <strong>modern tech giants<\/strong>, as investors reevaluated software valuations following cautious earnings reports and revised fiscal year outlooks.<\/p>\n<p>The primary drag on the index came from <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which plummeted <strong>8.57%<\/strong> to <strong>$173.59<\/strong>, and <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, which shed <strong>8.19%<\/strong> to finish at <strong>$231.22<\/strong>. These losses were exacerbated by a <strong>3.98%<\/strong> decline in <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> at <strong>$415.58<\/strong> and a <strong>5.00%<\/strong> drop for <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> at <strong>$316.50<\/strong>. Other decliners included <strong>Honeywell (<a href=\"\/stock\/HON\">HON<\/a>)<\/strong>, down <strong>2.40%<\/strong>, and <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong>, which fell <strong>2.05%<\/strong>. The narrative was dominated by <strong>soft enterprise spending forecasts<\/strong> and <strong>rising AI infrastructure costs<\/strong>, which pressured growth-oriented portfolios.<\/p>\n<p>Offsetting these losses were strong gains in <strong>industrials and consumer staples<\/strong>. <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> surged <strong>3.85%<\/strong> to <strong>$839.93<\/strong>, while <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> and <strong>Coca-Cola (<a href=\"\/stock\/KO\">KO<\/a>)<\/strong> rose <strong>2.91%<\/strong> and <strong>2.63%<\/strong> respectively. Defensive plays remained in favor, with <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> gaining <strong>2.15%<\/strong> to <strong>$230.90<\/strong> and <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> advancing <strong>2.07%<\/strong> to <strong>$145.77<\/strong>. <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong> also rose <strong>1.83%<\/strong> to <strong>$132.35<\/strong>, as investors sought refuge in <strong>stable cash-flow companies<\/strong> amidst the <strong>heightened market volatility<\/strong> seen in growth stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Index (^DJI) was down 179.71 (-0.36%) points today, closing at 49,310.32. Meanwhile, Dow Futures (YM=F) declined by [&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":[33,75,216,293,1807,3016,4350,4380],"class_list":["post-61225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-msft","tag-crm","tag-cat","tag-ibm","tag-earnings","tag-dji","tag-dow-jones","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61225","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=61225"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61225\/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=61225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}