{"id":71056,"date":"2026-08-28T12:09:08","date_gmt":"2026-08-28T16:09:08","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-rises-as-pce-inflation-data-matches-expectations\/71056\/"},"modified":"2026-08-28T12:09:08","modified_gmt":"2026-08-28T16:09:08","slug":"dowjonestodaydow-jones-rises-as-pce-inflation-data-matches-expectations","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-rises-as-pce-inflation-data-matches-expectations\/71056\/","title":{"rendered":"[DowJonesToday]Dow Jones Rises as PCE Inflation Data Matches Expectations"},"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 (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> was up <strong>109.37 (0.20%)<\/strong> points today, reaching <strong>53,678.81<\/strong> as investors reacted to the latest <strong>Personal Consumption Expenditures (PCE)<\/strong> price index. The narrative driving the market this <strong>Friday, August 28, 2026<\/strong>, is a sense of relief as the Federal Reserve&#39;s preferred inflation gauge climbed <strong>0.2%<\/strong> for the month, perfectly aligning with economist forecasts. This data reinforces the &quot;soft landing&quot; thesis, suggesting that while the economy is cooling, it remains resilient enough to avoid a deep recession while allowing for potential interest rate adjustments in the coming months.<\/p>\n<p>Leading the blue-chip index, <strong>3M Company (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong> was up <strong>3.70%<\/strong> to <strong>$148.62<\/strong>, emerging as the top performer following positive sentiment regarding its ongoing restructuring efforts. Tech giant <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> also saw significant gains, up <strong>1.77%<\/strong> to <strong>$225.01<\/strong>, as demand for AI infrastructure continues to provide a tailwind for the sector. Other notable gainers included <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong>, which was up <strong>1.61%<\/strong> to <strong>$227.63<\/strong>, and <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, which was up <strong>1.33%<\/strong> to <strong>$100.48<\/strong>.<\/p>\n<p>Conversely, several components faced downward pressure despite the broader index gains. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was down <strong>2.42%<\/strong> to <strong>$213.40<\/strong>, leading the laggards as investors rotated out of older enterprise tech names. Consumer-facing stocks also struggled, with <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> down <strong>2.14%<\/strong> to <strong>$303.85<\/strong> and <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> down <strong>1.64%<\/strong> to <strong>$168.45<\/strong>. Financial heavyweight <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> was down <strong>1.12%<\/strong> to <strong>$301.51<\/strong>, reflecting a cautious outlook on net interest margins in a stabilizing rate environment. Meanwhile, <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> was up <strong>40.00 (0.07%)<\/strong> points, indicating steady sentiment as the trading session progresses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was up 109.37 (0.20%) points today, reaching 53,678.81 as investors reacted to the latest [&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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