Wall Street started Friday's session lower after the February personal consumption expenditures (PCE) price index stayed unchanged at 2.5% on a yearly basis compared to January. Meanwhile, core PCE inflation came in higher than predicted at 2.8%, casting doubt on interest rate cuts in the near future.
The Dow Jones lost 0.19% at 9:30 am ET, with 3M Co. dropping 0.30%. The Nasdaq 100 declined by 0.45% and Lululemon Athletica Inc. plummeted 13.28%. The S&P 500 fell by 0.30%, led by Aptiv PLC, which was down 0.37%.
The euro traded flat against the dollar and sold for 1.08060 at 9:31 am ET.
