Benchmark US equity indices booked their worst single-session performance since 10 October, 2000 amid rising uncertainty about Federal Reserve interest rate cuts - Dow fell -798-points or -1.65% to 47,457.22 after settling above 48,000 for the first time a day earlier. Investment banks Goldman Sachs Group Inc (down -3.99%) and JPMorgan Chase & Co (-3.41%), Caterpillar Inc (-3.4%) and International Business Machines (IBM) Corp (-3.21%) all fell over >3%, as did Nvidia Corp (-3.58%), with the chipmaker slated to report its third quarter result on Wednesday next week (19 November). Infrastructure provider Cisco Systems Inc (up +4.62%) bucked the weaker trend posting better-than-expected earnings per share (EPS) and revenue of US$14.88B for its fiscal first quarter after the close of the previous session. Verizon Communications Inc +0.76% The Wall Street Journal reported that the company plans to eliminate about 15,000 jobs, mostly through layoffs. It would represent the largest cuts in the company's history, the newspaper added, noting the firm "also plans to transition about 200 stores into franchised operations, which will shift employees off its payroll.