{"id":62514,"date":"2026-05-29T17:09:20","date_gmt":"2026-05-29T21:09:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-surges-as-cooling-inflation-data-ignites-rate-cut-hopes\/62514\/"},"modified":"2026-05-29T17:09:20","modified_gmt":"2026-05-29T21:09:20","slug":"dowjonestodaydow-jones-surges-as-cooling-inflation-data-ignites-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-surges-as-cooling-inflation-data-ignites-rate-cut-hopes\/62514\/","title":{"rendered":"[DowJonesToday]Dow Jones Surges as Cooling Inflation Data Ignites 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 up <strong>363.49 (0.71%)<\/strong> points today, closing at a record <strong>51,032.46<\/strong>. This bullish momentum was mirrored in the futures market, as <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> climbed <strong>305.00 (0.60%)<\/strong> to reach <strong>51,048.00<\/strong>. The primary catalyst for today\u2019s rally was the release of the <strong>April Personal Consumption Expenditures (PCE)<\/strong> price index, which showed inflation cooling faster than economists anticipated. This data has reignited investor optimism regarding a potential <strong>Federal Reserve<\/strong> interest rate cut in the second half of 2026, shifting market sentiment away from the &quot;higher-for-longer&quot; narrative that dominated earlier in the week.<\/p>\n<p>Leading the blue-chip index higher, <strong>3M (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong> surged <strong>3.70%<\/strong> to <strong>$148.62<\/strong> following a positive settlement update regarding legacy legal liabilities. The technology sector also provided a significant lift, with <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> rising <strong>1.77%<\/strong> to <strong>$225.01<\/strong> as demand for AI infrastructure remains insatiable. Defensive stocks saw strong bids; <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> gained <strong>1.61%<\/strong> to finish at <strong>$227.63<\/strong>, while <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong> climbed <strong>1.33%<\/strong> to <strong>$100.48<\/strong>. <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong> rounded out the top performers with a <strong>1.00%<\/strong> increase to <strong>$399.64<\/strong>, benefiting from a favorable outlook on Medicare Advantage reimbursement rates.<\/p>\n<p>Despite broader gains, several components faced selling pressure. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was the biggest laggard, falling <strong>2.42%<\/strong> to <strong>$213.40<\/strong> following a cautious analyst note regarding consulting margins. Consumer-facing stocks also struggled; <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> dropped <strong>2.14%<\/strong> to <strong>$303.85<\/strong> amid housing market concerns, and <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> declined <strong>1.64%<\/strong> to <strong>$168.45<\/strong>. Other notable decliners included <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong>, which lost <strong>1.36%<\/strong>, and <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong>, which dipped <strong>1.27%<\/strong> to <strong>$310.29<\/strong>. Industrial giant <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> also slipped <strong>1.22%<\/strong>, closing at <strong>$901.99<\/strong> as global growth concerns weighed on heavy machinery demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was up 363.49 (0.71%) points today, closing at a record 51,032.46. This bullish momentum [&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":[293,633,1773,3016,3749,4223,4350,11437,17074],"class_list":["post-62514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-ibm","tag-nvda","tag-mmm","tag-dji","tag-pce","tag-inflation","tag-dow-jones","tag-pce-index","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62514","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=62514"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62514\/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=62514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=62514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=62514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}