{"id":61901,"date":"2026-05-13T14:09:35","date_gmt":"2026-05-13T18:09:35","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-hopes\/61901\/"},"modified":"2026-05-13T14:09:35","modified_gmt":"2026-05-13T18:09:35","slug":"dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-hopes\/61901\/","title":{"rendered":"[DowJonesToday]Dow Jones Slips as Inflation Data Dampens Rate Cut Hopes"},"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 (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> was down <strong>98.46 (-0.1979%) points today<\/strong>, trading at <strong>49,662.10<\/strong>. This downward movement was reflected in <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong>, which was down <strong>110.00 (-0.2206%) points<\/strong>. The dominant market narrative today centers on the latest <strong>Consumer Price Index (CPI)<\/strong> report, which showed inflation cooling slower than expected. This economic data sparked fears that the <strong>Federal Reserve<\/strong> will maintain higher interest rates for a longer duration, weighing on growth-oriented sectors and consumer discretionary stocks while benefiting select industrial and defensive components.<\/p>\n<p>Leading the blue-chip gainers was <strong>3M Company (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong>, which was up <strong>3.70%<\/strong> to <strong>$148.62<\/strong> on the back of positive legal developments. <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> also bucked the trend, as it was up <strong>1.77%<\/strong> to <strong>$225.01<\/strong>, driven by continued institutional demand for high-performance computing. Other strong performers today included <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong>, up <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, and <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, which was up <strong>1.33%<\/strong> to <strong>$100.48<\/strong>, as traders rotated into value-oriented technology and healthcare.<\/p>\n<p>Conversely, <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> faced the sharpest decline among blue chips, as it was down <strong>2.42%<\/strong> to <strong>$213.40<\/strong> following a cautious outlook on enterprise software spending. <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> was also a significant loser today, as it was down <strong>2.14%<\/strong> to <strong>$303.85<\/strong>, heavily pressured by the prospect of sustained high mortgage rates impacting the housing sector. Other notable laggards included <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which was down <strong>1.64%<\/strong> to <strong>$168.45<\/strong>, and <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong>, which was down <strong>1.36%<\/strong> to <strong>$307.61<\/strong>. Financial giants also retreated significantly today, with <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> down <strong>1.27%<\/strong> and <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> down <strong>1.12%<\/strong> to <strong>$301.51<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 98.46 (-0.1979%) points today, trading at 49,662.10. This downward movement was reflected [&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":[293,633,1773,3016,3712,4223,4350,17074,18809],"class_list":["post-61901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-ibm","tag-nvda","tag-mmm","tag-dji","tag-cpi","tag-inflation","tag-dow-jones","tag-stock-market-today","tag-may-13-2026"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61901","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=61901"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61901\/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=61901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}