Power Breakfast: Mixed Cues From US Market After A Long Weekend; Dow Closes Up 40 Pts, Teslas Stock Slumps 11%

Dow closed up 40 points amid trading in a range of 300 points. Whereas the NASDAQ fell 1.4% on fears of a sharp fall in demand in China. Russell 2000 closed down 0.7%. Bond yield jumped to near 3.8%. Tesla's stock fell 11%. Apple fell 1.5% to hit 1.5-year low. There was heavy selling in airline stocks. Thousands of flights were cancelled due to the snow storm in America. Commodities traded flat. Brent closed flat near $85.