{"id":72752,"date":"2026-10-08T11:09:08","date_gmt":"2026-10-08T15:09:08","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-optimism\/72752\/"},"modified":"2026-10-08T11:09:08","modified_gmt":"2026-10-08T15:09:08","slug":"dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-optimism","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slips-as-inflation-data-dampens-rate-cut-optimism\/72752\/","title":{"rendered":"[DowJonesToday]Dow Jones Slips as Inflation Data Dampens Rate Cut Optimism"},"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 down <strong>149.17 (-0.29%)<\/strong> points today, trading at <strong>51,030.70<\/strong>, while <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> was down <strong>150.00 (-0.29%)<\/strong> to <strong>51,299.00<\/strong>. The primary narrative driving the market lower was the release of <strong>Consumer Price Index (CPI)<\/strong> data, which came in slightly higher than economists anticipated. This hotter-than-expected inflation reading has sparked concerns that the <strong>Federal Reserve<\/strong> may pause its path of interest rate reductions, leading to a cautious atmosphere across Wall Street as Treasury yields edged higher.<\/p>\n<p>Leading the gainers despite the broader index decline was <strong>3M (<a href=\"\/stock\/MMM\">MMM<\/a>)<\/strong>, which was up <strong>3.70%<\/strong> at <strong>$148.62<\/strong> following a positive analyst upgrade regarding its industrial margins. 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 showed resilience, as it was up <strong>1.77%<\/strong> to <strong>$225.01<\/strong> on continued artificial intelligence infrastructure demand. Other notable performers included <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong>, which was up <strong>1.61%<\/strong> at <strong>$227.63<\/strong>, and <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, which was up <strong>1.33%<\/strong> at <strong>$100.48<\/strong>.<\/p>\n<p>Conversely, the tech and consumer discretionary sectors faced significant pressure from rising yields. <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was the biggest laggard, as it was down <strong>2.42%<\/strong> to <strong>$213.40<\/strong>. Home improvement retailer <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> was down <strong>2.14%<\/strong> at <strong>$303.85<\/strong>, weighed down by the prospect of &quot;higher-for-longer&quot; mortgage rates. Other major decliners included <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which was down <strong>1.64%<\/strong> at <strong>$168.45<\/strong>, and <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong>, which was down <strong>1.36%<\/strong> at <strong>$307.61<\/strong>. Financial heavyweights also struggled, with <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> down <strong>1.27%<\/strong> and <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> down <strong>1.12%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 149.17 (-0.29%) points today, trading at 51,030.70, while Dow Futures (YM=F) was [&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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