{"id":65091,"date":"2026-07-20T11:09:17","date_gmt":"2026-07-20T15:09:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-enterprise-tech-and-retail-giants-face-headwinds\/65091\/"},"modified":"2026-07-20T11:09:17","modified_gmt":"2026-07-20T15:09:17","slug":"dowjonestodaydow-jones-slumps-as-enterprise-tech-and-retail-giants-face-headwinds","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-enterprise-tech-and-retail-giants-face-headwinds\/65091\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Enterprise Tech and Retail Giants Face Headwinds"},"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>173.37 (-0.33%)<\/strong> points today, as the index struggled to maintain momentum amidst a divergence in sector performance. While Dow Futures (YM=F) was down <strong>177.00 (-0.34%)<\/strong> points today, the primary narrative driving the market was a combination of <strong>stagnant enterprise spending<\/strong> and <strong>weakness in the housing sector<\/strong>. Investors reacted to cautious forward-looking statements from major software and retail firms, overshadowing a significant rally in industrial and semiconductor components. This cautious sentiment was further amplified by <strong>rising Treasury yields<\/strong>, which pressured high-valuation growth stocks throughout the session.<\/p>\n<p>Leading the gainers, <strong>3M<\/strong> (<a href=\"\/stock\/MMM\">MMM<\/a>) surged <strong>3.70%<\/strong> to <strong>$148.62<\/strong>, buoyed by optimistic restructuring updates. The artificial intelligence trade remained resilient as <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a><\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) rose <strong>1.77%<\/strong> to <strong>$225.01<\/strong>, while defensive healthcare giant <strong>Johnson &amp; Johnson<\/strong> (<a href=\"\/stock\/JNJ\">JNJ<\/a>) was up <strong>1.61%<\/strong> to <strong>$227.63<\/strong>. Other notable performers providing support to the index included <strong>Cisco Systems<\/strong> (<a href=\"\/stock\/CSCO\">CSCO<\/a>), which was up <strong>1.33%<\/strong> to <strong>$100.48<\/strong>, and <strong>UnitedHealth Group<\/strong> (<a href=\"\/stock\/UNH\">UNH<\/a>), which rose <strong>1.00%<\/strong> to <strong>$399.64<\/strong>.<\/p>\n<p>Conversely, <strong>IBM<\/strong> (<a href=\"\/stock\/IBM\">IBM<\/a>) was the session&#39;s biggest loser, falling <strong>2.42%<\/strong> to <strong>$213.40<\/strong> following a downgrade related to slowing cloud consultancy demand. Consumer-facing and enterprise stocks also faced significant pressure; <strong>Home Depot<\/strong> (<a href=\"\/stock\/HD\">HD<\/a>) was down <strong>2.14%<\/strong> to <strong>$303.85<\/strong>, and <strong>Salesforce<\/strong> (<a href=\"\/stock\/CRM\">CRM<\/a>) dropped <strong>1.64%<\/strong> to <strong>$168.45<\/strong>. Financial and industrial heavyweights added to the decline, with <strong>Sherwin-Williams<\/strong> (<a href=\"\/stock\/SHW\">SHW<\/a>) down <strong>1.36%<\/strong> and <strong>American Express<\/strong> (<a href=\"\/stock\/AXP\">AXP<\/a>) falling <strong>1.27%<\/strong> to <strong>$310.29<\/strong>, as market participants adjusted for a <strong>higher-for-longer interest rate environment<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 173.37 (-0.33%) points today, as the index struggled to maintain momentum amidst [&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 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