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

The Dow Jones Industrial Average (^DJI) was down 267.50 (-0.5386%) points today, closing at 49,395.16. Market sentiment turned cautious as Dow Futures (YM=F) also dropped 300.00 (-0.6034%) to 49,422.00. The primary narrative was a hawkish shift in monetary policy expectations following a higher-than-expected Producer Price Index (PPI) report. This economic data fueled concerns that the Federal Reserve may delay anticipated interest rate cuts, triggering a broad sell-off in rate-sensitive sectors as investor ...