Power Breakfast: US Market Slips Amid Volatility, All Eyes On Personal Expenditure Data Today

The US market slipped amid heavy volatility. Dow fell 350 points and Nasdaq lost 2%. Japan's core inflation reached a 40-year high. Tesla plunged 9% on fears of a drop in demand. Today personal expenditure data will be monitored. Sales of new homes and Consumer Sentiment Index will also be released. Also Europe's market dropped 1-1.5%. Commodities declined sharply amid a stronger dollar. Crude oi prices fell after 3-day rally. The price of natural gas reached at 2 month-low. Gold slipped by $30 and reached near $1800.