Power Breakfast: Dow Tumbles Below 29,000 For The First Time Since November 2020, China Markets Will Remain Closed This Week

S&P 500 and Nasdaq fell 1.5%. After November 2020, Dow Jones tumbled 500 points and closed below 29,000 for the first time. Recession, Fed and UK worries dominate the market. China markets are closed for the Golden Week holiday, and South Korea's market is also closed. Tomorrow Hong Kong and the day after tomorrow Indian markets will remain closed.