title: Webpack Compilation Error
body: <p>Following is the webpack.config.js file for my React app</p>
  
  <pre><code> module.exports = {
        entry: 'index.js',
        output: {
          filename: 'bundle.js',
          path: '/.'
        },
        module: {
          loaders: [
            {
              test: /\.jsx?$/,
              exclude: /(node_modules|bower_components)/,
              loader: 'babel-loader',
              query: {
                  presets: ['react']
              }
            }
          ]
        }
      };
  </code></pre>
  
  <p>and the error I am getting on execution is following:</p>
  
  <pre><code>npm ERR! code ELIFECYCLE
  npm ERR! errno 4294967295
  npm ERR! loginpoc@1.0.0 start: `webpack-dev-server --hot`
  npm ERR! Exit status 4294967295
  npm ERR!
  npm ERR! Failed at the loginpoc@1.0.0 start script 'webpack-dev-server --hot'.
  npm ERR! Make sure you have the latest version of node.js and npm installed.
  npm ERR! If you do, this is most likely a problem with the loginpoc package,
  npm ERR! not with npm itself.
  npm ERR! Tell the author that this fails on your system:
  npm ERR!     webpack-dev-server --hot
  npm ERR! You can get information on how to open an issue for this project with:
  npm ERR!     npm bugs loginpoc
  npm ERR! Or if that isn't available, you can get their info via:
  npm ERR!     npm owner ls loginpoc
  npm ERR! There is likely additional logging output above
  </code></pre>
  
  <p>my package.json is as follows</p>
  
  <pre><code>{
    "name": "loginpoc",
    "version": "1.0.0",
    "description": "",
    "main": "index.js",
    "scripts": {
      "start": "webpack-dev-server --hot"
    },
    "author": "",
    "license": "ISC",
    "dependencies": {
      "react": "^15.5.3",
      "react-dom": "^15.5.3",
      "webpack": "^2.3.3",
      "webpack-dev-server": "^2.4.2"
    }
  }
  </code></pre>
  
  <p>kindly let me know what do you suggest where am I going wrong?</p>