{"id":65612,"date":"2026-07-29T11:09:29","date_gmt":"2026-07-29T15:09:29","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodayinflation-fears-grip-wall-street-dow-jones-plummets-over-800-points\/65612\/"},"modified":"2026-07-29T11:09:29","modified_gmt":"2026-07-29T15:09:29","slug":"dowjonestodayinflation-fears-grip-wall-street-dow-jones-plummets-over-800-points","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodayinflation-fears-grip-wall-street-dow-jones-plummets-over-800-points\/65612\/","title":{"rendered":"[DowJonesToday]Inflation Fears Grip Wall Street: Dow Jones Plummets Over 800 Points"},"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>811.12 (-1.5377%)<\/strong> points today, falling to <strong>51,936.20<\/strong> as market participants grappled with <strong>resilient inflationary pressures<\/strong>. The primary narrative was shaped by a <strong>Labor Department<\/strong> report showing a surprise jump in the <strong>Consumer Price Index (CPI)<\/strong>, effectively crushing hopes for a <strong>September rate cut<\/strong>. This hawkish outlook sent <strong>Dow Futures (YM=F)<\/strong> down <strong>864.00 (-1.6319%)<\/strong> to <strong>52,080.00<\/strong>. The surge in <strong>bond yields<\/strong> triggered a broad liquidation in rate-sensitive equities, as the prospect of &quot;higher-for-longer&quot; monetary policy remains the dominant theme for the second half of <strong>2026<\/strong>.<\/p>\n<p>On the losing side, <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was down <strong>-2.42%<\/strong> to <strong>$213.40<\/strong> after a cautious outlook on corporate IT budgets. <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> was down <strong>-2.14%<\/strong> to <strong>$303.85<\/strong>, as the prospect of sustained high mortgage rates pressured the home improvement sector. <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> was down <strong>-1.64%<\/strong> to <strong>$168.45<\/strong>, while <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> and <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> were down <strong>-1.36%<\/strong> and <strong>-1.27%<\/strong> respectively. Heavy machinery leader <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> also felt the sting of global growth concerns, as it was down <strong>-1.22%<\/strong> to <strong>$901.99<\/strong> during the session.<\/p>\n<p>Bucking the downward trend, <strong>3M (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong> was up <strong>3.70%<\/strong> to <strong>$148.62<\/strong> on news of a favorable resolution in legacy litigation. <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> proved its resilience, up <strong>1.77%<\/strong> to <strong>$225.01<\/strong>, as the <strong>AI hardware<\/strong> boom continues to provide a buffer against macro volatility. Defensive stocks also saw inflows; <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong> was up <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, and <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong> was up <strong>1.33%<\/strong> to <strong>$100.48<\/strong>. Other notable gainers included <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong>, up <strong>1.00%<\/strong>, and <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong>, which was up <strong>0.61%<\/strong> to <strong>$238.21<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 811.12 (-1.5377%) points today, falling to 51,936.20 as market participants grappled with [&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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