US equity markets retreated, with the benchmark indices extending losses into a fourth straight session - Dow dropped -287-points or -0.86%, dipping into the red for the year. The broader S&P500 fell -0.72%, with Financials (down -1.29%), Communication Services (-1.26%), Energy (-1.11%) and Industrials (-1.09%) all falling over >1% to lead nine of the eleven primary sectors lower. Real Estate (up +0.92%) and Utilities (+0.73%) were the only primary sectors to advance overnight. The Nasdaq lost -0.49%. Qualcomm Inc shed -5.54% after the chipmaker’s fiscal third quarter outlook released after the close of the previous session fell short of Wall Street estimates. Advanced Micro Devices Inc rallied +6.11% following a Bloomberg report that indicated the chip maker was working with Microsoft Corp (+0.33%) as it expands into processors for artificial intelligence. The small capitalisation Russell 2000 lost -1.18%.
