{"id":61576,"date":"2026-05-04T17:09:33","date_gmt":"2026-05-04T21:09:33","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-over-500-points-as-rate-fears-resurface\/61576\/"},"modified":"2026-05-04T17:09:33","modified_gmt":"2026-05-04T21:09:33","slug":"dowjonestodaydow-jones-slumps-over-500-points-as-rate-fears-resurface","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-over-500-points-as-rate-fears-resurface\/61576\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps Over 500 Points as Rate Fears Resurface"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI)<\/strong> was down <strong>557.37 (-1.1260%)<\/strong> points today, closing at <strong>48,941.90<\/strong>. This sharp decline was mirrored in the futures market, as <strong>Dow Futures (YM=F)<\/strong> fell <strong>573.00 (-1.1542%)<\/strong> points to <strong>49,073.00<\/strong>. The primary narrative driving today&#39;s sell-off was a combination of <strong>hotter-than-expected manufacturing data<\/strong> and <strong>hawkish commentary from Federal Reserve officials<\/strong>, which dampened hopes for a summer interest rate cut. Investors reacted to the <strong>rising Treasury yields<\/strong>, which pressured rate-sensitive sectors and blue-chip staples.<\/p>\n<p>Despite the broad market retreat, a few components managed to post gains. <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> led the index, rising <strong>1.26%<\/strong> to <strong>$186.03<\/strong>, buoyed by optimistic analyst sentiment regarding its <strong>AI-integrated enterprise software<\/strong> suite. <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> also outperformed, gaining <strong>0.99%<\/strong> to close at <strong>$270.83<\/strong>, while <strong>Merck (<a href=\"\/stock\/MRK\">MRK<\/a>)<\/strong> climbed <strong>0.93%<\/strong> to <strong>$113.33<\/strong> as defensive healthcare plays saw some rotation. Other notable gainers included <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong>, which rose <strong>0.84%<\/strong> to <strong>$192.22<\/strong>, and <strong>Cisco (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, up <strong>0.79%<\/strong> at <strong>$92.57<\/strong>.<\/p>\n<p>The downside was dominated by the retail and consumer sectors. <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> was the biggest laggard, plunging <strong>3.16%<\/strong> to <strong>$313.88<\/strong> amid concerns over <strong>stagnant housing starts<\/strong>. <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> followed closely, dropping <strong>2.51%<\/strong> to <strong>$143.58<\/strong>, while <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong> shed <strong>2.27%<\/strong> to finish at <strong>$43.39<\/strong>. Financial heavyweights also faced pressure, with <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> falling <strong>2.05%<\/strong> to <strong>$904.70<\/strong> and <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> declining <strong>1.58%<\/strong> to <strong>$307.65<\/strong>. Industrial giant <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> also struggled, losing <strong>1.99%<\/strong> to close at <strong>$222.76<\/strong> as <strong>production delays<\/strong> weighed on sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 557.37 (-1.1260%) points today, closing at 48,941.90. This sharp decline was mirrored [&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":[75,3016,3878,4350,4380],"class_list":["post-61576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-crm","tag-dji","tag-hd","tag-dow-jones","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61576","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=61576"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61576\/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=61576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}