Power Breakfast: Dow Slips 3rd Straight Day, Lost This Years Entire Gains, Feds Brainard - Need To Increase Rates

The US market slipped again amidst volatility. The Dow Jones gave up its entire gain for the year. Dow fell 250 points for the third day in a row. At the same time, NASDAQ and Russell 2000 also declined by 1%. Fed's Brainard said that, 'there is a need to increase the rates further'. Moreover, 2 more members of Fed will also give speech. Netflix jumped 7% despite weak results. Today the figures of the sale of existing houses will come.