Power Breakfast: US Market Ends Lower To Snap Two-Day Rally; Dow Sheds 200 Pts, Nasdaq Drops 1% On Hawkish Fed Comments

The US markets have declined after rising for two consecutive days. Dow Jones slipped 200 points to close at the day's low and Nasdaq dropped by 1%. Actually, action has been seen in the market due to the statement of Fed members. Fed Vice Chair Brainard said that, "Fed may slow pace of rate hikes soon." While Federal Reserve Governor Christopher Waller said that, "Fed could now start thinking about hiking at a slower pace''. Apart from this, Amazon will lay off 10,000 people.