Market Opens Lower Amid Inflation Concerns

Wall Street commenced Friday's trading session on a lower note following the release of the February personal consumption expenditures (PCE) price index. The index remained steady at 2.5% year-over-year, mirroring January's figures. However, the core PCE inflation surpassed expectations, registering at 2.8%, leading to increased skepticism about imminent interest rate cuts.

Key Indexes and Stocks Performance

By 9:30 am ET, the Dow Jones had shed 0.19%, with 3M Co. experiencing a 0.30% drop. The Nasdaq 100 saw a decline of 0.45%, while Lululemon Athletica Inc. faced a significant plunge of 13.28%. The S&P 500 wasn't spared either, falling by 0.30%, with Aptiv PLC leading the downturn at a 0.37% decrease.

Currency Market Update

In the currency markets, the euro remained stable against the dollar, trading at 1.08060 by 9:31 am ET.