[DowJonesToday]Dow Jones Plummets as Inflation Data Sparks Flight to Defensives

The Dow Jones Industrial Average (^DJI) was down 710.40 (-1.55%) points today, falling to 45,249.71. Similarly, Dow Futures (YM=F) was down 685.00 (-1.48%) points at 45,545.00. The primary narrative driving this sharp decline was the release of the February Personal Consumption Expenditures (PCE) price index, which revealed that inflationary pressures remain more persistent than economists had anticipated. This data, combined with hawkish policy signals from Federal Reserve officials, led traders to price o ...