Dow Jones slides over 460 points as hot inflation data stymies rate-cut hopes

Stock indexes fell on high inflation, impacting rate cut expectations. Bond yields surged. Market awaits Fed meeting minutes and first-quarter earnings reports from major banks. Real estate sector led declines in indices. Excluding volatile food and energy components, the core figure rose 0.4% month-on-month in March, against expectations of a 0.3% advance. Annually, it gained 3.8%, versus the estimated 3.7% increase.

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