Power Breakfast: Global Markets Sluggish, Apple Declines For The Second Consecutive Day, All Eyes Are On Fed Chairman's Statement
Zee Business Video Team | Updated: November 30, 2022 08:34 am
Mixed action was seen in the US markets on Thursday. The Dow Jones closed flat and the Nasdaq fell 0.6%. However, in the last hour, Dow Jones recovered by 200 points from the day's low. Apple's stock fell 2% for the second consecutive day. Apart from this, the market has further increased the estimate of supply shortage. Consumer Confidence Data was better than expected. The 10-year bond yield rose to near 3.75%. The inversion of 10-year and 2-year yields further increased. Today all eyes are on Fed Chairman Jerome Powell's statement.
