{"id":65621,"date":"2026-07-29T14:09:23","date_gmt":"2026-07-29T18:09:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-over-700-points-amid-hawkish-policy-shift\/65621\/"},"modified":"2026-07-29T14:09:23","modified_gmt":"2026-07-29T18:09:23","slug":"dowjonestodaydow-jones-plummets-over-700-points-amid-hawkish-policy-shift","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-over-700-points-amid-hawkish-policy-shift\/65621\/","title":{"rendered":"[DowJonesToday]Dow Jones Plummets Over 700 Points Amid Hawkish Policy Shift"},"content":{"rendered":"

The Dow Jones<\/a> Industrial Average (^DJI)<\/strong> was down 700.53 (-1.3281%) points today<\/strong>, falling to a level of 52,046.79<\/strong>. This significant retreat was mirrored in the derivatives market, where Dow Futures (YM=F)<\/strong> was down 805.00 (-1.5205%) points<\/strong>. The primary narrative driving today's volatility is a hawkish shift in Federal Reserve policy expectations<\/strong> following hotter-than-anticipated inflation data. Investors are rapidly recalibrating for a "higher-for-longer" interest rate environment, which has dampened appetite for risk assets and sparked a broad sell-off across most industrial and financial sectors.<\/p>\n

Despite the overarching downward pressure, a few defensive and high-growth names managed to buck the trend. 3M (MMM<\/a>)<\/strong> led the gainers, as the stock was up 3.70%<\/strong> following a positive litigation settlement update. Tech giant Nvidia<\/a> (NVDA<\/a>)<\/strong> also showed resilience, as it was up 1.77%<\/strong> on continued demand for AI infrastructure. Other notable performers included Johnson & Johnson (JNJ<\/a>)<\/strong>, which was up 1.61%<\/strong>, and Cisco Systems (CSCO<\/a>)<\/strong>, which was up 1.33%<\/strong>. Defensive stocks like UnitedHealth Group (UNH<\/a>)<\/strong> and Walmart (WMT<\/a>)<\/strong> also trended higher, being up 1.00%<\/strong> and 0.47%<\/strong> respectively, as capital rotated into stable healthcare and consumer staples.<\/p>\n

Conversely, the weight of the market's decline was felt most heavily by industrial and technology laggards. IBM (IBM<\/a>)<\/strong> was down 2.42%<\/strong>, leading the Dow's losers as enterprise spending concerns weighed on the stock. Home Depot (HD<\/a>)<\/strong> was down 2.14%<\/strong>, reflecting investor anxiety regarding the housing market's sensitivity to higher interest rates. Other significant decliners included Salesforce (CRM<\/a>)<\/strong>, which was down 1.64%<\/strong>, and Sherwin-Williams (SHW<\/a>)<\/strong>, which was down 1.36%<\/strong>. The broad-based nature of the losses in American Express (AXP<\/a>)<\/strong> and JPMorgan Chase (JPM<\/a>)<\/strong>\u2014which were down 1.27%<\/strong> and 1.12%<\/strong> respectively\u2014highlights the systemic impact of today's policy-driven narrative on the banking and credit sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow Jones Industrial Average (^DJI) was down 700.53 (-1.3281%) points today, falling to a level of 52,046.79. This significant […]<\/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":[293,633,1773,3016,3710,4223,4350,17074],"class_list":["post-65621","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-inflation","tag-dow-jones","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65621","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=65621"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65621\/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=65621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=65621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=65621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}