US equity markets snapped a three session winning streak ahead of the release of US consumer inflation figures tonight AEST - Dow dipped -0.06% . The broader S&P500 lost -0.72%, with Consumer Discretionary (down -1.70%), Real Estate (-1.36%) and Information Technology (-1.09%) all falling over >1% and leading nine of the eleven primary sectors lower. Health Care (up +0.24%) and Consumer Staples (+0.06%) were the only primary sectors to advance. American Airlines Group Inc fell -0.49% after the company said it’s reducing its schedule due to the fact that it’s still awaiting Boeing Co (-1.64%) Dreamliner deliveries. Tesla Inc fell -6.1% after disappointing some investors who had reportedly optimistically expected the electric vehicle maker to make a major announcement (including a major product announcement and/or stock split). CVS Health Corp gained +4.52% after the company raised its full-year earnings-per-share guidance to at least US$8, up from a previous forecast of between US$7.90 and US$8. The company is also boosting its annual dividend to US$2.20 from US$2 and will execute a US$10B stock buyback program. The Nasdaq -1.71%. The small capitalisation Russell 2000 dropped -2.17.
