Power Breakfast: Wall Street Slides After Gloomy Earnings Led By Tesla; FED Members Hint At Further Rate Hikes

The Dow slipped 110 points, falling for the third day in a row. Whereas, Nasdaq lost 1% due to sharp fall in IT stocks. Tesla's stock fell 10% due to weak results. AT&T shares also fell 10% due to weak results and guidance. The 10-year bond yield has dropped to 3.5%. Fed members indicated to increase rates further.