In Vermont, college student Ives Towner refuses to marry his longtime girlfriend, Julie Weir, until he has a career. Soon after, Julie meets and grows infatuated with handsome writer Michael Shaw, and they marry and move to Paris. Years later, after Michael's accidental death, Julie and her daughter move back to Vermont to live with her aunt and Julie finds Ives, now a professor, disinterested in resuming their romantic relationship.

Daisy Kenyon is a Manhattan commercial artist having an affair with an arrogant and overbearing but successful lawyer and family man named Dan O'Mara. Daisy meets a single man, a war veteran named Peter Lapham, and after a brief and hesitant courtship decides to marry him, although she is still in love with Dan.