Listen

Description

US equity markets retreated for a second day and the US dollar and bond yields rose in the wake of the Federal Reserve's latest monetary meeting - Dow down -122-points or -0.46% The broader S&P500 -0.21%, NASDAQ -0.16%. with Apple Inc down -0.65% and Microsoft Inc fell -1.31% after briefly hitting the US$1 trillion market capitalisation threshold (after trading above US$130.50 per share) following the release of fiscal third quarter results on Wednesday (1 May). Tesla Inc rose +4.31% after the company unveiled a plan to raise up to US$2B, with US$1.35B coming from convertible bonds.