Power Breakfast: US Markets Slip After Three Days Of The Rally; Fear Of Escalation Of Tension Between China-US

There is a slowdown in the global market on Tuesday, 2nd August 2022. The US markets have slipped after three days of rally. The effect of increasing tension between China-US was visible on the US market. Dow Jones closed down 50 points. There was selling in 7 out of 11 sectors of SP500. Gold and silver are at a month high. Brent crude has slipped below $100 a barrel.