Market Opens Lower Amid Inflation Concerns

Wall Street faced a downward trend at Friday's opening, reacting to the latest Personal Consumption Expenditures (PCE) price index data. The February figures showed no change from January, maintaining a 2.5% annual rate, while core PCE inflation unexpectedly rose to 2.8%, fueling skepticism about imminent interest rate cuts.

Key Stock Performances

The Dow Jones Industrial Average saw a modest decline of 0.19%, with 3M Co. leading the drop at 0.30%. The Nasdaq 100 wasn't spared, decreasing by 0.45%, as Lululemon Athletica Inc. took a significant hit, plummeting over 13%. The S&P 500 also fell by 0.30%, with Aptiv PLC at the forefront of the downturn, shedding 0.37%.

Currency Markets Hold Steady

Amid the stock market's turbulence, the euro remained stable against the dollar, trading at 1.08060 early in the session.