Power Breakfast: US Market Ends Flat Amid Volatility, UK Increases Tax In Budget, Pound Falls 1%
Zee Business Video Team | Updated: November 18, 2022 09:00 AM IST
US markets remained weak for the second day amid heavy volatility. The Dow Jones traded with a range of 400 points. However, after a weak start, the US market recovered and Dow Jones improved 300 points to close flat. The Russell 2000 index slipped 0.75%. Bed Bath & Beyond jumped 25% on the basis of the results. The speech of several Fed speakers affected the mood of the market. UK increased tax in budget, proposed to reduce expenditure. Meanwhile, the pound declined by 1%.
