Power Breakfast: Dow Closes Nearly 700 Points Lower In Broad Sell-Off, All Indexes Cap Their Worst Day Of 2023

Yesterday i.e. Tuesday was the worst day of 2023 for the American markets. The Dow dropped 700 points to close at day's low, while the NASDAQ sank 2.5% and the Russell 2000 index fell 3%. The 10-year bond yield rose to nearly 4%. Europe's market were down 0.5%. The dollar index hovered near the 104-mark, while the crude oil slipped over 1% in a volatile session.