Power Breakfast: Rebound In US After 2 Days Of Sluggish Market, Fed Members Commented On Tighter Monetary Policy

The US markets rallied on Friday after trading sluggish for 2 days. Dow Jones gained 200 points amid volatility. Nasdaq traded flat and the S&P500 index closed up by 0.5%. The bond yield ended marginally higher at 3.8%. Some other Fed members commented on tighter monetary policy. Apart from this, a rise of 0.5-1% was seen in Europe.