{"id":59225,"date":"2026-02-27T12:09:26","date_gmt":"2026-02-27T16:09:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-hot-pce-inflation-data-triggers-defensive-rotation\/59225\/"},"modified":"2026-02-27T12:09:26","modified_gmt":"2026-02-27T16:09:26","slug":"dowjonestodaydow-jones-slumps-as-hot-pce-inflation-data-triggers-defensive-rotation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-hot-pce-inflation-data-triggers-defensive-rotation\/59225\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Hot PCE Inflation Data Triggers Defensive Rotation"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> was down <strong>555.45 (-1.12%)<\/strong> points today, while <strong>Dow Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>)<\/strong> was down <strong>588.00 (-1.19%)<\/strong> points, as a wave of selling hit Wall Street. The primary narrative driving the market was the release of the <strong>January Personal Consumption Expenditures (PCE) Price Index<\/strong>, which showed a surprise acceleration in core inflation. This data prompted a sharp recalibration of interest rate expectations, leading the <strong>U.S. Treasury 10-year yield<\/strong> to spike and triggering a massive rotation out of cyclical stocks and into defensive havens.<\/p>\n<p>The financial sector faced significant headwinds as higher-for-longer rate fears sparked concerns over loan demand and credit quality. <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> was the biggest loser, down <strong>6.84%<\/strong> to <strong>$311.98<\/strong>, followed by <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong>, which was down <strong>4.26%<\/strong> to <strong>$889.71<\/strong>. Technology and high-growth names also struggled under the weight of rising yields; <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> was down <strong>3.70%<\/strong>, <strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong> was down <strong>2.07%<\/strong>, and <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> was down <strong>1.59%<\/strong>. Even the semiconductor giant <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> felt the pressure, down <strong>1.62%<\/strong> to <strong>$181.97<\/strong>.<\/p>\n<p>Conversely, healthcare and consumer staples outperformed as investors sought refuge from volatility. <strong>Merck (<a href=\"\/stock\/MRK\">MRK<\/a>)<\/strong> was the top gainer, up <strong>2.40%<\/strong> to <strong>$122.24<\/strong>, while <strong>Verizon (<a href=\"\/stock\/VZ\">VZ<\/a>)<\/strong> was up <strong>2.30%<\/strong>. Retail giant <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong> was up <strong>2.20%<\/strong> to <strong>$127.07<\/strong>, benefiting from its reputation as a value destination during inflationary periods. Other defensive winners included <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong>, up <strong>1.96%<\/strong>, <strong>McDonald\u2019s (<a href=\"\/stock\/MCD\">MCD<\/a>)<\/strong>, up <strong>1.85%<\/strong>, and <strong>Coca-Cola (<a href=\"\/stock\/KO\">KO<\/a>)<\/strong>, which was up <strong>1.00%<\/strong> to <strong>$81.26<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 555.45 (-1.12%) points today, while Dow Futures (YM=F) was down 588.00 (-1.19%) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50368,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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