Power Breakfast: Weak Cues From Global Markets, Apple's Stock Drops 4%, All Eyes Are On Today's US October Job Data
Zee Business Video Team | Updated: November 4, 2022 08:24 am
The Federal Reserve's decision to raise interest has shown an impact on the US market. Dow Jones slipped 150 points amid trading in the range of 450 points. The Nasdaq was down 1.7% and the S&P 500 lost 1%. The 2-year bond yield notched a new 15-year high at 4.75%. The 10-year yield reached 4.15%. Apple's stock tumbled 4%. Today US October jobs data will be monitored. 2 lakh new jobs are expected to be added. The unemployment rate in the US is projected to remain stable near 3.5%.
