Power Breakfast: Global Markets Sluggish; Dow Falls 50 Points, Tesla Shares Slump 7%, Brent Drops To $82/barrel

Sluggish action was seen in the US market. The Dow Jones slipped 50 points amid trading in the 300-point range. Nasdaq fell 1% due to heavy fall in IT stocks. Apart from this, maximum selling was seen in the energy sector. The rising covid cases in China had an impact on selective companies. Tesla's stock fell 7%. Disney's stock jumped 6% on the news of the new CEO. Dell was up by 6% on the results. Whereas ZOOM slipped 4.5%. Today 3 Presidents of Fed will give speech. Apart from this, Brent fell sharply to $82 yesterday.