US equity markets weaker after making a very strong start to March – Dow down -144-points or -0.46%. The broader S&P500 lost -0.81% a day after recording the best single-session performance since 5 June last year. Information Technology (down -1.35%) and Consumer Discretionary (-1.27%) were the worst-performing primary sectors with falls of over >2%, while Materials (up +0.58%) was the only primary sector to advance. The Nasdaq dropped -1.69%, with Apple Inc (-2.09%) and Facebook Inc (-2.23%) both down over >2% . The small capitalisation Russell 2000 index lost -1.93%. Lyft Inc rose +3.8% in extended trading after the company said it had its best week in terms of ridesharing volume since pandemic lockdowns began last year. Lyft also said it expects a narrower earnings before interest, tax, depreciation, and amortisation (EBITDA) loss for the first quarter than it previously forecast.
