• US equity markets rebounded from the previous session’s sharp falls, with the benchmark indices settling near their best levels of the day after another choppy session - Dow up +557-points or +2.13%, logging its third consecutive advance and best day since 29 June. Caterpillar Inc (up +4.83%) was the best performing Dow constituent, with energy heavyweights Exxon Mobil Corp (+3.31%) and Chevron Corp (+3.45%) both up over >3%. The broader S&P500 gained +1.34%, with Energy (up +3.60%) and Materials (+2.54%) leading all eleven primary sectors higher. 3M Co rose +2.42% after the company said it is developing a rapid diagnostic test for COVID-19 that would be used at the point of care. The NASDAQ gained +0.94% although some big technology names lagged, including Amazon.com Inc (down -0.64%) and Netflix Inc (-0.12%). In broader stock moves, Bed Bath & Beyond Inc rose +8.6% after the home-accessories retailer said June same-store sales were “positive” for reopened stores and digital channels.
