A late sell-off left the benchmark US indices nursing modest losses - Dow down -148-points or -0.58% The broader S&P500 slipped -0.21%, with strong gains for the Utilities sector (up +3.04%) largely offsetting a -2.91% decline for the Energy sector. Financials (down -1.56%) were also a notable underperformer overnight after their solid recent rally. General Electric Co fell -7% after warning that it expects to burn more cash than expected in the second quarter (in part due to the struggles confronting its aviation business) and that 2020 free cash flow will be negative. The NASDAQ -0.46%. Facebook Inc fell -1.6% and Twitter Inc -4.5% after President Trump said he would sign an executive order related to social media companies to "defend free speech from one of the gravest dangers it has faced in American history".
