Power Breakfast: US Market Ends Lower To Snap Two-Day Rally; Dow Sheds 40 Points, All Eyes On Fed Chairmans Statement Today

US markets have declined after two consecutive days of gains. Dow Jones shed 40 points. Nasdaq fell 1.5% due to fall in IT stocks. Whereas the Smallcap Russell 2000 index lost 2%. The 10-year bond yield slipped to 3.7%. Veteran Micron reduced the outlook for 2023. TARGET shares fell 13% due to weak guidance. Today many other speakers including the Fed chairman will make a public statement.