US equity markets mixed amid a reversal of a recent trend that has seen value stocks outperform growth stocks, with Treasury yields taking a breather from their recent climb – Dow down -234-points or -0.71% Goldman Sachs Group Inc (down -1.09%) and JPMorgan Chase & Co (-1.59%) both fell after the Federal Reserve declined to extend pandemic-related regulatory relief for major US banks. Visa Inc dropped -6.24% after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The broader S&P500 dipped -0.06%. Communication Services and Consumer Discretionary both advanced +0.80% to lead six of the eleven primary sectors higher. Real Estate (down -1.26%) and Financials (-1.2%) both declined over >1% to be the worst performing sector. FedEx Corporation rallied +6.1% after the economic bellwether’s fiscal third quarter numbers released after the closing bell of the previous session topped consensus expectations. The technology-centric Nasdaq gained +0.76% . Facebook Inc gained +4.12% after Chief Executive Mark Zuckerberg said Apple Inc’s imminent privacy policy changes on ad sales would leave the social network in a “stronger position.” The small capitalisation Russell 2000 index rose +0.88%.
