{"id":61227,"date":"2026-04-23T17:09:24","date_gmt":"2026-04-23T21:09:24","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-dips-as-software-slump-offsets-industrial-strength\/61227\/"},"modified":"2026-04-23T17:09:24","modified_gmt":"2026-04-23T21:09:24","slug":"dowjonestodaydow-jones-dips-as-software-slump-offsets-industrial-strength","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-dips-as-software-slump-offsets-industrial-strength\/61227\/","title":{"rendered":"[DowJonesToday]Dow Jones Dips as Software Slump Offsets Industrial Strength"},"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>179.71 (-0.36%)<\/strong> points today, finishing the session at <strong>49,310.32<\/strong>. The index faced significant headwinds as a wave of selling hit the technology and enterprise software sectors, sparked by underwhelming earnings reports. Despite the decline in the price-weighted average, the market showed a clear internal divide, with investors aggressively rotating out of high-growth tech names and into traditional defensive staples and industrial powerhouses to mitigate risk.<\/p>\n<p>The day&#39;s dominant narrative centered on a sharp correction in the enterprise software space. <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> was the biggest laggard, plunging <strong>8.57%<\/strong> to <strong>$173.59<\/strong>, followed by <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, which dropped <strong>8.19%<\/strong> to <strong>$231.22<\/strong>. Both companies provided outlooks that suggested a cooling in corporate IT spending. This drag extended to <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong>, which shed <strong>3.98%<\/strong>, and <strong>Honeywell (<a href=\"\/stock\/HON\">HON<\/a>)<\/strong>, which fell <strong>2.40%<\/strong>. Furthermore, <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> saw a <strong>5.00%<\/strong> decline, as macro-economic concerns weighed on the financial services sector.<\/p>\n<p>Conversely, <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> emerged as the top performer, rallying <strong>3.85%<\/strong> to <strong>$839.93<\/strong> following a robust quarterly beat. Defensive stocks also thrived as a safe haven; <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> gained <strong>2.91%<\/strong>, while <strong>Coca-Cola (<a href=\"\/stock\/KO\">KO<\/a>)<\/strong> and <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> rose <strong>2.63%<\/strong> and <strong>2.15%<\/strong> respectively. Consumer giants like <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> and <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong> added <strong>2.07%<\/strong> and <strong>1.83%<\/strong>, signaling a flight to quality. This rotation helped the Dow outperform the tech-heavy Nasdaq, even as the index ended the day in negative territory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 179.71 (-0.36%) points today, finishing the session at 49,310.32. The index faced [&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":[33,75,216,293,3016,4350,5001,17074],"class_list":["post-61227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-msft","tag-crm","tag-cat","tag-ibm","tag-dji","tag-dow-jones","tag-earnings-season","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61227","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=61227"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61227\/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=61227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}