{"id":62767,"date":"2026-06-05T16:09:25","date_gmt":"2026-06-05T20:09:25","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-robust-jobs-data-fuels-rate-hike-fears\/62767\/"},"modified":"2026-06-05T16:09:25","modified_gmt":"2026-06-05T20:09:25","slug":"dowjonestodaydow-jones-plummets-as-robust-jobs-data-fuels-rate-hike-fears","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-robust-jobs-data-fuels-rate-hike-fears\/62767\/","title":{"rendered":"[DowJonesToday]Dow Jones Plummets as Robust Jobs Data Fuels Rate Hike Fears"},"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>695.15 (-1.35%)<\/strong> points today, Friday, <strong>June 5, 2026<\/strong>, closing at <strong>50,866.78<\/strong>. This sharp decline was mirrored in the <strong>Dow Futures (YM=F)<\/strong>, which fell <strong>683.00 (-1.32%)<\/strong> to <strong>50,988.00<\/strong>. The primary narrative driving the market was the release of the <strong>May Non-Farm Payrolls report<\/strong>, which showed the U.S. economy added significantly more jobs than economists had anticipated. This <strong>robust labor data<\/strong> sparked immediate fears that the <strong>Federal Reserve<\/strong> will maintain <strong>elevated interest rates<\/strong> for longer than previously forecasted to combat persistent inflation, leading to a broad-based retreat in equities.<\/p>\n<p>Rate-sensitive stocks led the downward move as yields spiked. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was the index&#39;s biggest loser, dropping <strong>2.42%<\/strong> to <strong>$213.40<\/strong>, followed by <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong>, which fell <strong>2.14%<\/strong> to <strong>$303.85<\/strong>. Software giant <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> also saw a notable decline of <strong>1.64%<\/strong> to <strong>$168.45<\/strong>. Other significant losers included <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong>, which shed <strong>1.36%<\/strong>, and <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong>, which declined <strong>1.22%<\/strong> to <strong>$901.99<\/strong> as investors weighed the impact of high borrowing costs on industrial demand and consumer spending across the nation.<\/p>\n<p>Conversely, a few stocks managed to buck the trend through idiosyncratic strength. <strong>3M (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong> was the top gainer, surging <strong>3.70%<\/strong> to <strong>$148.62<\/strong> on positive corporate developments. <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> continued its momentum, gaining <strong>1.77%<\/strong> to reach <strong>$225.01<\/strong>, while <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> rose <strong>1.61%<\/strong> to <strong>$227.63<\/strong>. Other gainers included <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, up <strong>1.33%<\/strong> to <strong>$100.48<\/strong>, and <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong>, which climbed <strong>1.00%<\/strong> to <strong>$399.64<\/strong>. These gains highlight a flight to quality as investors sought refuge in <strong>defensive sectors<\/strong> and companies with <strong>strong balance sheets<\/strong> amidst the day&#39;s macroeconomic volatility and shifting interest rate expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 695.15 (-1.35%) points today, Friday, June 5, 2026, closing at 50,866.78. This [&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":[293,633,1773,3016,4350],"class_list":["post-62767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-ibm","tag-nvda","tag-mmm","tag-dji","tag-dow-jones"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62767","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=62767"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62767\/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=62767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=62767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=62767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}