Power Breakfast: US Market Tumbles As FedEx Withdraws Guidance, Dow Jones Slips 175 Points, Nasdaq Falls 1.5%

On Thursday, once again there was weakness in the US markets. Dow Jones slipped 175 points to close at a 2-month low, while the Nasdaq fell 1.5%. FedEx has withdrawn its guidance for the year. This has shocked the US markets. A sharp decline was also seen in the commodity market today. Brent fell 3.5% to $90. Natural Gas fell over 7%. Gold fell over $30 to hit 2-year low.