{"id":64458,"date":"2026-07-08T17:09:31","date_gmt":"2026-07-08T21:09:31","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-inflation-fears-resurface\/64458\/"},"modified":"2026-07-08T17:09:31","modified_gmt":"2026-07-08T21:09:31","slug":"dowjonestodaydow-jones-plummets-as-inflation-fears-resurface","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-inflation-fears-resurface\/64458\/","title":{"rendered":"[DowJonesToday]Dow Jones Plummets as Inflation Fears Resurface"},"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<\/strong> (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>) <strong>was down 576.76 (-1.09%) points today<\/strong>, finishing the session at <strong>52,348.39<\/strong>. This sharp decline was mirrored in the <strong>Dow Futures<\/strong> (<a href=\"\/stock\/YM=F\">YM=F<\/a>), which fell <strong>632.00 (-1.19%) points<\/strong>. The primary narrative driving the market&#39;s retreat was an <strong>unexpectedly hot inflation report<\/strong>, which suggested that the <strong>Federal Reserve<\/strong> may delay planned <strong>interest rate cuts<\/strong>. This macroeconomic shift triggered a broad sell-off as investors reassessed the impact of <strong>higher-for-longer borrowing costs<\/strong> on corporate profitability and consumer spending power.<\/p>\n<p>Despite the downward pressure, 3M (<a href=\"\/stock\/MMM\">MMM<\/a>) led the gainers, jumping <strong>3.70%<\/strong> to <strong>$148.62<\/strong> on positive litigation developments. Technology powerhouse <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) also outperformed, rising <strong>1.77%<\/strong> to <strong>$225.01<\/strong> as <strong>AI-driven demand<\/strong> remained a bright spot. Healthcare giant Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) gained <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, while Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>) rose <strong>1.33%<\/strong> to <strong>$100.48<\/strong>. These stocks provided a defensive buffer, though they were unable to offset the broader index losses. UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>) also saw a modest gain of <strong>1.00%<\/strong>, closing at <strong>$399.64<\/strong>.<\/p>\n<p>On the losing side, IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) saw the steepest decline, falling <strong>2.42%<\/strong> to <strong>$213.40<\/strong> amid concerns over slowing <strong>cloud consulting revenue<\/strong>. Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) dropped <strong>2.14%<\/strong> to <strong>$303.85<\/strong>, struggling under the weight of a cooling housing market. Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) fell <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>) declined <strong>1.36%<\/strong> and <strong>1.27%<\/strong> respectively. The weakness in these cyclical stocks reflects growing anxiety that <strong>persistent inflation<\/strong> could lead to a <strong>hard landing<\/strong> for the U.S. economy by the end of the current fiscal year. This sentiment remained pervasive throughout the day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 576.76 (-1.09%) points today, finishing the session at 52,348.39. This sharp decline [&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":[293,633,1773,3016,3710,3878,4223,17074],"class_list":["post-64458","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-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64458","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=64458"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64458\/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=64458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=64458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=64458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}