Power Breakfast: Weak cues from Global Market, Dow and Nasdaq fall, SGX Nifty in red mark

During Friday's trading session, once volatility was seen in the US markets and Dow and Nasdaq closed with red marks. Apart from this, there are signs of weakness from the global markets today. Dow Jones has seen a decline of more than 100 points, although it has improved by 425 points from the lower level and closed. At the same time, there has been a sell-off in IT stocks and Nasdaq closed with a fall of 1.4 percent. Major IT stocks Amazon, Microsoft, Netflix have seen a huge decline and bond yield has increased to 3.14 percent. Except the energy sector, pressure has been seen in all sectors. At the same time, there has been a decline of 1.5 percent in Europe and the same is the case with the Asian market. SGX Nifty has seen a decline of about 200 points and this index is trading in the red mark.