US equity markets fell amid mixed corporate earnings and economic data, with technology stocks underperforming - Dow down -135-points or -0.50%, snapping a four session winning streak. The broader S&P500 eased -0.34%. Financials (down 10.74%) were the major drag. Airlines (American Airlines Group Inc down -7.27%, United Airline Holdings Inc -5.17%) and cruise operators (Carnival Corp -9.73%) were under fresh pressure. The Centers for Disease Control and Prevention announced that it was extending a no-sail order that had been scheduled to expire 24 July through until the end of September. Major cruise lines that belong to an industry trade group had already cancelled cruises until 15 September because of ongoing discussions with federal officials over how to restart operations safely. The technology-centric NASDAQ lost -0.73%, with Apple Inc (down -1.23%) and Microsoft Corp (-1.98%) both fell over 1%. Harley-Davidson Inc (up +2.8% to US$29.68) climbed to a four-month high, buoyed by an upgrade from an analyst at Wedbush who has been a long time critic of the motorcycle group. James Hardiman lifted his rating on Harley-Davidson to ‘Outperform’ and raised his target price +33% to US$36 per share.
