A late rebound was not enough to prevent the benchmark US equity indices from settling with steep declines as trade hostilities continued to weigh on investor sentiment - Dow dropped -328-points or -1.33%, a fall that saw the index close below its 200-day moving average for the first time since June 2016. It was the index's biggest one day fall since 29 May and lowest close since 4 May. Boeing Co (down -2.3%) and Caterpillar Inc (-2.4%) were again among the biggest index decliners. The broader S&P500 lost -1.37% (after falling over >2% earlier in the session), the index's worst single session decline since 6 April and lowest close since 31 May - and with five of the eleven primary sectors closing in official correction territory (or down at least -10% from their 52-week high). The NASDAQ -2.09% - also logging its worst session decline since 6 April - with Netflix Inc (down -6.5%, its worst single session fall since 19 July, 2016) leading the FANG group lower amid reports of new efforts to block Chinese investments in US tech firms.
