Power Breakfast: Dow Jones Climbs 150 Points From Lower Levels, In Europe July Inflation At Record High Of 8.9%

US markets closed cautiously after a weak start. The Dow Jones climbed 150 points from the lower levels and closed 20 points higher and the Nasdaq closed on the green mark after recovering 100 points. Apart from this, Bed Bath & Beyond share fell 40%. Brent crude surged 3% to reach $96 per barrel. Euro zone inflation reached a new record high of 8.9% year-on-year in July.