Power Breakfast: Slight Recovery In US Markets After Weak Start, Dow Falls 240 Points, No Support From IT Stocks

There are signs of light relief from global markets. However, the US markets have once again seen a decline. Another weak session was seen amid high volatility in the US markets. The Dow Jones slips 240 points during Thursday's trading session. At the same time, selling was also seen in Nasdaq. US markets made a weak start during Thursday's trading session but later saw a slight recovery. At the same time, there is a continuous sell-off in IT stocks and the markets are not getting the support of IT stocks. Apart from this, pressure on consumer stocks is also continuing. At the same time, in view of the concern of inflation, the markets of Europe have fallen by one to two percent. However, there is a slight rally in the Asian market. SGX Nifty is seeing a rise of more than 200 points and this index is trading with green marks.