The Dow Jones Industrial Average (^DJI) was down 67.36 (-0.13%) points today, closing at 49,693.20. The session was dominated by the latest Consumer Price Index (CPI) report, which revealed a 0.3% monthly increase in core prices. This data suggests that inflationary pressures are more entrenched than previously anticipated, dampening investor hopes for a Federal Reserve rate cut in June. Consequently, the market experienced a notable rotation out of high-valuation growth sectors and into defensive value positions.
Leading the gainers, 3M (MMM) surged 3.70% to $148.62 on news of a favorable restructuring plan. Technology giant Nvidia (NVDA) rose 1.77% to $225.01, buoyed by sustained demand for AI infrastructure. Healthcare stocks also provided support; Johnson & Johnson (JNJ) climbed 1.61% to $227.63, and UnitedHealth Group (UNH) added 1.00% to reach $399.64. Additionally, Cisco (CSCO) and Boeing (BA) posted gains of 1.33% and 0.61% respectively, as industrial sentiment remained cautiously optimistic despite the broader index's slight retreat.
Conversely, the tech and consumer discretionary sectors faced significant pressure. IBM (IBM) shares tumbled 2.42% to $213.40 following a cautious outlook on enterprise spending. Home Depot (HD) fell 2.14% to $303.85, hit by fears that higher-for-longer interest rates will continue to stifle the mortgage market. Salesforce (CRM) dropped 1.64%, while Sherwin-Williams (SHW) and American Express (AXP) saw declines of 1.36% and 1.27%. These losses highlight investor anxiety regarding consumer credit quality and the potential for a broader economic slowdown as the central bank maintains its restrictive monetary stance today.
| PreMarket | Market Hours | AfterHours | ||||||
|---|---|---|---|---|---|---|---|---|
| symb | company | chg | volume | last | chg | volume | chg | volume |
Apple Inc. | -0.3% | 2.7M | 298.87 | 1.4% | 0 | -0.1% | 52.7M | |
Amgen Inc | 0.0% | 3.9K | 336.45 | 0.0% | 0 | -0.6% | 2.2M | |
Amazon.Com Inc | -0.0% | 694.3K | 270.13 | 1.6% | 0 | 0.1% | 39.7M | |
American Express Company | -0.9% | 10.0K | 309.61 | -1.5% | 0 | -0.0% | 3.0M | |
Boeing Company | 0.5% | 194.1K | 240.60 | 1.6% | 0 | 1.2% | 7.4M | |
Caterpillar Inc. | 0.3% | 15.0K | 902.30 | -1.1% | 0 | 0.1% | 2.0M | |
Salesforce, Inc. | -0.9% | 96.1K | 165.84 | -3.2% | 0 | 0.3% | 12.0M | |
Cisco Systems, Inc. Common Stock (DE) | -0.5% | 236.7K | 101.87 | 2.6% | 0 | 19.9% | 45.2M | |
Chevron Corporation | -0.3% | 49.9K | 186.00 | 0.0% | 0 | -0.3% | 7.6M | |
The Walt Disney Company | -0.6% | 12.3K | 104.90 | -1.2% | 0 | 0.1% | 7.6M | |
Goldman Sachs Group Inc. | -0.6% | 73.2K | 955.42 | 1.0% | 0 | 0.2% | 2.4M | |
Home Depot, Inc. | -0.9% | 21.1K | 302.55 | -2.5% | 0 | 0.0% | 6.3M | |
Honeywell International, Inc. | 0.1% | 12.9K | 217.96 | -0.3% | 0 | 0.0% | 3.4M | |
International Business Machines Corporation | -0.4% | 67.6K | 214.64 | -2.1% | 0 | 0.2% | 8.4M | |
Johnson & Johnson | 0.8% | 69.6K | 230.42 | 2.7% | 0 | -0.0% | 7.5M | |
JPMorgan Chase & Co. | -0.8% | 31.6K | 300.25 | -1.5% | 0 | 0.2% | 7.7M | |
Coca-Cola Company | -0.0% | 77.7K | 80.26 | 0.3% | 0 | 0.0% | 12.4M | |
McDonald's Corporation | -0.1% | 33.6K | 275.70 | 0.3% | 0 | 0.0% | 3.5M | |
3M Company | 2.7% | 57.1K | 147.10 | 2.7% | 0 | -0.6% | 7.6M | |
Merck & Co., Inc. | -0.1% | 22.6K | 113.45 | 1.0% | 0 | -0.0% | 8.1M | |
Microsoft Corp | -0.6% | 669.6K | 405.21 | -0.6% | 0 | -0.2% | 29.7M | |
Nike, Inc. | -0.2% | 174.7K | 42.34 | -0.0% | 0 | -0.1% | 21.3M | |
Nvidia Corp | 1.9% | 8.1M | 225.83 | 2.3% | 0 | 0.9% | 150.4M | |
Procter & Gamble Company | -0.5% | 26.5K | 142.24 | -1.2% | 0 | -0.0% | 6.7M | |
The Sherwin-Williams Company | -0.5% | 1.1K | 306.34 | -1.7% | 0 | -0.5% | 3.8M | |
The Travelers Companies, Inc. | -0.9% | 1.2K | 295.02 | -1.1% | 0 | -0.0% | 1.4M | |
UNITEDHEALTH GROUP INCORPORATED (Delaware) | -0.1% | 116.9K | 401.16 | 1.2% | 0 | -0.1% | 8.5M | |
VISA Inc. | -0.7% | 15.6K | 320.31 | -1.9% | 0 | 0.1% | 7.9M | |
Verizon Communications | -0.2% | 101.2K | 47.21 | -1.5% | 0 | 0.3% | 21.2M | |
Walmart Inc. Common Stock | 0.0% | 524.6K | 131.47 | 0.9% | 0 | -0.4% | 13.8M | |