US equity markets settled with modest losses as an attempted rebound faded - Dow lost -127-points or -0.46% after rebounding as much as +462-points or +1.7% earlier in the session. The latest decline brought the Dow’s points decline to more than >2,000 points. The Walt Disney Company (down -3.77%) was the worst performing Dow constituent overnight a day after announcing that Chief Executive Bob Iger is stepping down. The broader S&P500 fell -0.38%, unwinding an earlier advance of over >1%. Energy down (-2.97%) was comfortably the worst performing primary sector, with Information Technology (up +0.40%) the only sector to advance. The NASDAQ edged +0.15% higher, paring an earlier rally of as much as +2%. Microsoft Corp fell over >2% in extended trading after lowering their fiscal third quarter guidance previously provided for the segment that includes Windows.
