Power Breakfast: US Market 6 Days Rally Breaks, Meta Slips 6%, All Eyes On The Fed Policy
Zee Business Video Team | Updated: November 1, 2022 08:40 am
US Markets ended in the red on Monday with top indices breaking their six-day winning streak. Dow Jones slipped 130 points and the Nasdaq 1%. Meta i.e Facebook's share slipped 6%. October was the best month for the Dow since 1976. The Federal Reserve meeting starts today and there will be commentary tomorrow. The market believes that again the interest rate will be increased by 75 basis points. Here the inflation rate in Europe has reached a record 10.7%.
