{"id":59702,"date":"2026-03-12T11:09:26","date_gmt":"2026-03-12T15:09:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-inflation-fears-rattle-wall-street\/59702\/"},"modified":"2026-03-12T11:09:26","modified_gmt":"2026-03-12T15:09:26","slug":"dowjonestodaydow-jones-plummets-as-inflation-fears-rattle-wall-street","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plummets-as-inflation-fears-rattle-wall-street\/59702\/","title":{"rendered":"[DowJonesToday]Dow Jones Plummets as Inflation Fears Rattle Wall Street"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Index (^DJI)<\/strong> was down <strong>617.35 (-1.3020%)<\/strong> points today, reaching <strong>46,799.92<\/strong>, as investors reacted to a sharp uptick in <strong>inflationary pressure<\/strong>. The <strong>Dow Futures (YM=F)<\/strong> also signaled distress, as the contract was down <strong>581.00 (-1.2245%)<\/strong> points today. The primary narrative driving the market lower was a <strong>hotter-than-expected Consumer Price Index (CPI) report<\/strong>, which suggested that the Federal Reserve may need to maintain <strong>higher interest rates<\/strong> for a longer duration. This macro-economic shift sparked a broad-based sell-off across industrial and financial sectors, which are sensitive to borrowing costs and growth projections. Market participants are now pricing in a reduced likelihood of a rate cut in the second quarter.<\/p>\n<p>Despite the downturn, Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) emerged as a standout performer, gaining <strong>5.01%<\/strong> following a strong quarterly earnings beat. Other notable gainers included Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>), which rose <strong>1.89%<\/strong> amid rising energy prices, and Travelers (<a href=\"\/stock\/TRV\">TRV<\/a>), which climbed <strong>1.40%<\/strong>. These defensive and energy-related moves provided a slight cushion to the index, though they were unable to offset the heavy losses seen in the banking and manufacturing segments.<\/p>\n<p>On the losing side, 3M (<a href=\"\/stock\/MMM\">MMM<\/a>) led the decline, falling <strong>3.78%<\/strong>, followed by Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>), which was down <strong>3.70%<\/strong> as the prospect of a slowing economy weighed on outlooks. Industrial giant Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>) dropped <strong>3.33%<\/strong>, and Boeing (<a href=\"\/stock\/BA\">BA<\/a>) fell <strong>2.96%<\/strong>. Major tech players also faced pressure, with Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) sliding <strong>2.09%<\/strong> and Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) decreasing <strong>2.01%<\/strong>, as the <strong>yield on the 10-year Treasury<\/strong> surged, diminishing the appeal of growth-oriented equities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Index (^DJI) was down 617.35 (-1.3020%) points today, reaching 46,799.92, as investors reacted to a sharp uptick 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