[DowJonesToday]Dow Jones Slumps as Financials Lead Broad Market Retreat

The Dow Jones Industrial Average (^DJI) was down 715.91 (-1.44%) points today, reaching 48,910.06, while Dow Futures (YM=F) was down 740.00 (-1.49%) points. The primary narrative driving the market lower is a sharp retreat in the financial and technology sectors, sparked by a hawkish shift in monetary policy expectations and rising concerns over consumer credit health. Investors are rotating out of cyclical names in favor of defensive havens as economic uncertainty regarding interest rate trajectories for t ...