US equity markets retreated and settled on their lows of the session - Dow down -173-points or -0.66%, logging its first decline in four sessions The broader S&P500 lost -0.79%, Citigroup, Bank of America and JP Morgan Chase all dropped more than >1% as Treasury yields resumed their slide. The technology-centric NASDAQ fell -0.68%. A Wall Street Journal report indicated as many as 20 states attorneys general will launch a joint antitrust investigation of large technology firms. The report comes after the US Justice Department announced a separate antitrust review of the technoligy firms, which reportedly include Google parent Alphabet Inc (down -1.32%) and Facebook Inc (-1.27%) among others. Elsewhere, President Trump said that he is looking at tax cuts, including cutting payroll taxes. The comments followed a late-Monday (19 August) Washington Post report that the Trump administration was considering a temporary payroll tax cut. The White House said cutting payroll taxes wasn’t under consideration, and President Trump on didn’t put any time frame on such a cut. “Payroll taxes is something I have been thinking about. Many people would like to see that,” he said.
