[DowJonesToday]Dow Jones Retreats as Hot Inflation Data Sparks Rate Concerns

The Dow Jones Industrial Average (^DJI) was down 281.36 (-0.57%) points today to 49,381.30, while Dow Futures (YM=F) was down 322.00 (-0.65%) points to 49,400.00. The primary narrative driving the market lower was a hotter-than-expected Producer Price Index (PPI) report, which fueled significant fears that the Federal Reserve will maintain high interest rates longer than anticipated. This economic data triggered a sharp spike in Treasury yields, putting immediate downward pressure on growth-oriented sectors ...