US equity markets mixed as the technology rally ran out of steam and with investors eyeing the Group of Seven (G7) summit in Quebec amid recent trade tensions - Dow up +95-points or +0.38% and its highest settlement since 9 March, with McDonald's Corp (up 4.4%) alone adding ~50-points to the index after the fast food group plans to cut jobs as part of an effort to shrink the corporate structure, according to a report from The Wall Street Journal. The broader S&P500 dipped -0.07% to snap a four session winning streak, with the technology sector sliding -1.2%. The NASDAQ fell -0.70%, with heavyweights Microsoft Corp (down -1.57%) and Facebook (-1.70%). President Trump has flexed his thumbs on Twitter this morning ahead of the G7 summit, tweeting "Please tell Prime Minister Trudeau and President Macron that they are charging the U.S. massive tariffs and create non-monetary barriers. The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out. Look forward to seeing them tomorrow". Elsewhere, US Commerce Secretary Wilbur Ross said Washington had reached a deal with China’s ZTE that would allow it to do business again with US suppliers.
