Power Breakfast: Heavy Sell-Off In IT Stocks Drags NASDAQ Down, Many IT Stocks Hit 1.5-2 Year Low

The US market closed with a decline due to sell-off in tech stocks. Dow fell 365 points to close at the day's low. Nasdaq lost 1.4% due to heavy selling in IT stocks. Many IT stocks hit 1.5-2 year lows. Tesla's stock gained 3.5%. The dollar index crossed 104. Gold fell by 1% and silver slipped below $24. Crude oil slipped below $83. Natural gas declined by 10%.