Power Breakfast: Stock Market Slips After Last Weeks Rally; Dow Falls 60 Points, Nasdaq down 0.7% as IT stocks slip

There are mixed signals from the global markets. Talking about the US markets, Dow Jones slipped 60 points by trading in the range of 250 points. Apart from this, Nasdaq has declined 0.7 percent due to slipping of IT stocks. Energy stocks saw a rebound and the index slipped 2.8 percent. Apart from this, an increase of 0.5% has been seen in the European markets.