Stock Market Today: Dow Jones tumbles 400 points as US inflation surges to 3%, S&P 500 and Nasdaq also slide amid Fed rate cut concerns

Stock Market Today saw a sharp decline as the Dow Jones plummeted 400 points following a rise in US Inflation to 3% YoY. The latest CPI data released by the US Bureau of Labor Statistics dampened investor hopes for Federal Reserve rate cuts. The S&P 500 and Nasdaq Composite also opened lower, reflecting market uncertainty. Key stocks like Microsoft, Amazon, and Nike took a hit, while Apple and JPMorgan managed gains. With inflation higher than expected, the Feds stance on interest rates remains firm, adding to market volatility. Investors are closely watching for future economic cues.