Power Breakfast: Mixed Action In US Market On Friday, NASDAQ Slips 0.6% On Profit Booking In IT Stocks

There was mixed action in the US market on Friday. Amidst the volatility, the Dow climbed 170 points to close at the day's high. At the same time, NASDAQ slipped 0.6% due to profit booking in IT. The 10-year bond yield jumped beyond 3.7%. Russia's decision to cut crude production saw buying in energy stocks. This week the figure of US inflation rate will come which is estimated to be 6.2%. This week US PPI, retail sales, industrial production data, UK inflation and employment data will also come. Apart from this, the new governor of the Bank of Japan will be announced.