US equity markets retreated after President Trump said he would put negotiations on a new fiscal stimulus package on hold until after the 3 November election - Dow fell -376-points or -1.34%, handing back an earlier rise of over >200-points. Boeing Co dropped -6.81% after the aircraft maker forecast an 11% drop in demand for commercial planes in the next decade and, in a separate outlook for the commercial aviation market, said it sees passenger-traffic growth to increase by an average of 4% a year in the next two decades. The broader S&P500 -1.40%, with the Consumer Discretionary (2.13%), Communication Services (-1.98%), Information Technology (-1.59%) and Energy (-1.52%) all logging falls over of over >1.5%. Utilities (up +0.85%) was the only primary sector to advance. The Nasdaq dropped -1.57%, with the major technology names under pressure amid reports that a House subcommittee that has investigated anticompetitive business practices for more than a year is set to recommend splitting them up and limiting the scope of their future acquisitions. Amazon.com Inc fell -3.01%, Google parent Alphabet Inc -2.19% and Facebook Inc -2.26%. Apple Inc (down -2.87%) announced it would hold an online event on 13 October that’s expected to bring the launch of its new family of iPhones.
