{"id":61908,"date":"2026-05-13T17:09:23","date_gmt":"2026-05-13T21:09:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-dips-as-sticky-inflation-data-tempers-rate-cut-hopes-2\/61908\/"},"modified":"2026-05-13T17:09:23","modified_gmt":"2026-05-13T21:09:23","slug":"dowjonestodaydow-jones-dips-as-sticky-inflation-data-tempers-rate-cut-hopes-2","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-dips-as-sticky-inflation-data-tempers-rate-cut-hopes-2\/61908\/","title":{"rendered":"[DowJonesToday]Dow Jones Dips as Sticky Inflation Data Tempers 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 (^DJI)<\/strong> was <strong>down 67.36 (-0.13%)<\/strong> points today, closing at <strong>49,693.20<\/strong>. The session was dominated by the latest <strong>Consumer Price Index (CPI)<\/strong> report, which revealed a <strong>0.3% monthly increase<\/strong> in core prices. This data suggests that <strong>inflationary pressures<\/strong> are more entrenched than previously anticipated, dampening investor hopes for a <strong>Federal Reserve<\/strong> rate cut in June. Consequently, the market experienced a notable rotation out of high-valuation growth sectors and into defensive value positions.<\/p>\n<p>Leading the gainers, 3M (<a href=\"\/stock\/MMM\">MMM<\/a>) surged <strong>3.70%<\/strong> to <strong>$148.62<\/strong> on news of a favorable restructuring plan. Technology giant Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) rose <strong>1.77%<\/strong> to <strong>$225.01<\/strong>, buoyed by sustained demand for <strong>AI infrastructure<\/strong>. Healthcare stocks also provided support; Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) climbed <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, and UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>) added <strong>1.00%<\/strong> to reach <strong>$399.64<\/strong>. Additionally, Cisco (<a href=\"\/stock\/CSCO\">CSCO<\/a>) and Boeing (<a href=\"\/stock\/BA\">BA<\/a>) posted gains of <strong>1.33%<\/strong> and <strong>0.61%<\/strong> respectively, as industrial sentiment remained cautiously optimistic despite the broader index&#39;s slight retreat.<\/p>\n<p>Conversely, the tech and consumer discretionary sectors faced significant pressure. IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) shares tumbled <strong>2.42%<\/strong> to <strong>$213.40<\/strong> following a cautious outlook on enterprise spending. Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) fell <strong>2.14%<\/strong> to <strong>$303.85<\/strong>, hit by fears that <strong>higher-for-longer interest rates<\/strong> will continue to stifle the mortgage market. Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) dropped <strong>1.64%<\/strong>, while Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>) and American Express (<a href=\"\/stock\/AXP\">AXP<\/a>) saw declines of <strong>1.36%<\/strong> and <strong>1.27%<\/strong>. These losses highlight investor anxiety regarding <strong>consumer credit quality<\/strong> and the potential for a broader <strong>economic slowdown<\/strong> as the central bank maintains its restrictive monetary stance today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 67.36 (-0.13%) points today, closing at 49,693.20. The session was dominated 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":[293,633,1773,3016,3712,4350],"class_list":["post-61908","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-dow-jones"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61908","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=61908"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61908\/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=61908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}