Power Breakfast: US Market Continues To Decline As Fear Of Recession Mounts; Meta Stock Tumbles 4%

The trend of decline in US markets continues. Tech stocks are under pressure due to the fear of recession. META shares declined by 4% yesterday. EU accused META of violating rules. Sell-off came in casino-travel stocks on hopes of a new Covid wave in China. Disney's stock declined by 5%. Avatar 2 had less than expected collections on the weekend. All eyes on the figures of housing starts coming today. The 10-year bond yield in the US reached near 3.6%. Dollar index reached near 104.3.