US equity markets retreated, with technology stocks under renewed pressure as investors assessed another hot inflation report - Dow down -527-points or -1.47%. However, Walt Disney Co gained +3.35% after recording record first quarter revenue and better-than-expected adjusted earnings per share (EPS) after the close of the previous session. The broader S&P500 lost -1.81%, with Real Estate (down -2.86%), Information Technology (-2.75%) and Utilities (-2.61%) all falling over >2.5% to lead all eleven primary sectors lower. The technology-centric Nasdaq dropped -2.10%. The small capitalisation Russell 2000 fell -1.55%.
