Power Breakfast: Global Markets Sluggish; Nasdaq, S&P 500 Rise Slightly, Eyes On The Fed Members Public Speech Today

Name: Power Breakfast: Global Markets Sluggish; Nasdaq, S&P 500 Rise Slightly, Eyes On The Fed Members Public Speech Today
Uploaded: 2023-05-09T08:30:01+05:30
Duration: 24 min 14 s
Description: US markets ended flat on Monday. The Dow slipped 55 points in a range of 250 points. Whereas, Nasdaq and S&P 500 had minor gains. PacWest closed up only 3.5% after jumping 30% intraday. According to Fed, it has become difficult to get loans from banks. The 10-year bond yield jumped above 3.5%. Today three members of the Fed will deliver a public speech.

US markets ended flat on Monday. The Dow slipped 55 points in a range of 250 points. Whereas, Nasdaq and S&P 500 had minor gains. PacWest closed up only 3.5% after jumping 30% intraday. According to Fed, it has become difficult to get loans from banks. The 10-year bond yield jumped above 3.5%. Today three members of the Fed will deliver a public speech.

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Written By: Zee Business Video Team

Updated on: May 09, 2023, 09.19 AM IST