{"id":62125,"date":"2026-05-19T17:09:26","date_gmt":"2026-05-19T21:09:26","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-hawkish-fed-rhetoric-dampens-rate-cut-hopes\/62125\/"},"modified":"2026-05-19T17:09:26","modified_gmt":"2026-05-19T21:09:26","slug":"dowjonestodaydow-jones-slumps-as-hawkish-fed-rhetoric-dampens-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-hawkish-fed-rhetoric-dampens-rate-cut-hopes\/62125\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Hawkish Fed Rhetoric 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>322.24 (-0.6486%)<\/strong> points today, closing at <strong>49,363.88<\/strong>. Similarly, <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> was down <strong>339.00 (-0.6812%)<\/strong> points. The day&#39;s dominant narrative was shaped by <strong>hawkish Federal Reserve commentary<\/strong>, with officials suggesting that <strong>interest rates<\/strong> must remain at restrictive levels to ensure <strong>inflation<\/strong> returns to target. This sparked a broad retreat in equities as investors recalibrated their expectations for monetary easing in the second half of 2026.<\/p>\n<p>Industrial giant 3M (<a href=\"\/stock\/MMM\">MMM<\/a>) defied the downturn, surging <strong>3.70%<\/strong> to <strong>$148.62<\/strong> following a favorable legal settlement. Technology leader Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) also showed strength, rising <strong>1.77%<\/strong> to <strong>$225.01<\/strong> as <strong>artificial intelligence<\/strong> growth remains a key secular theme. Other defensive gainers included Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>), which climbed <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, and Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>), increasing <strong>1.33%<\/strong> to <strong>$100.48<\/strong>. UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>) rounded out the top performers with a <strong>1.00%<\/strong> gain to <strong>$399.64<\/strong>.<\/p>\n<p>Leading the losers, IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) fell <strong>2.42%<\/strong> to <strong>$213.40<\/strong> after issuing a cautious growth forecast. Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) declined <strong>2.14%<\/strong> to <strong>$303.85<\/strong>, reflecting concerns that <strong>elevated borrowing costs<\/strong> are cooling the housing sector. Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) dropped <strong>1.64%<\/strong> to <strong>$168.45<\/strong>, while Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>) and American Express (<a href=\"\/stock\/AXP\">AXP<\/a>) slid <strong>1.36%<\/strong> and <strong>1.27%<\/strong> respectively. These declines underscore the market&#39;s sensitivity to <strong>macroeconomic policy<\/strong> and its potential impact on consumer discretionary and enterprise spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 322.24 (-0.6486%) points today, closing at 49,363.88. Similarly, Dow Futures (YM=F) was [&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":[293,633,1773,3016,3710,3878,4223,4350,17074],"class_list":["post-62125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-ibm","tag-nvda","tag-mmm","tag-dji","tag-federal-reserve","tag-hd","tag-inflation","tag-dow-jones","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62125","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=62125"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62125\/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=62125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=62125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=62125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}