Power Breakfast: Global Markets Sluggish, US Market Weak For 2nd Consecutive Day, Japanese YEN Crosses 150 After 32 Yrs

After a strong start, the US markets slipped for the second consecutive day. Dow Jones slipped around 100 points between trading in the range of 600 points. Nasdaq 0.6% and Russell 2000 fell by 1.2%. Bond yields came under pressure again, with the 10-year yield crossing 4.2%, hitting a new 14-year high. Tesla's stock were down by 7%, IBM stock rose 4% and AT&T jumped 7%. The Japanese YEN breached the 150 line and hit a 32-year low against the U.S. dollar. Gold reached a 3-week low near $1630. Crude oil rose on hopes of softening covid restrictions in China. Crude oil was seen trading flat near $92.