US equity markets retreated, with the losses deepening in the final hour of the session - Dow lost -550-points or -1.56% . JPMorgan Chase & Co fell -3% and Goldman Sachs Group Inc -1.6% The broader S&P500 shed -1.57%. Financials (down -2.32%) and Consumer Services (-2.01%) both fell over >2% to lead all eleven primary sectors lower. The Nasdaq fell -1.54%. Semiconductor and tech hardware stocks came under pressure amid analyst concerns over the PC market going forward. Advanced Micro Devices Inc fell -8.29% after analysts at Barclays downgraded the stock to equal weight from overweight and lowered its price target from US$148 to US$115. Meanwhile, HP Inc and Dell Technologies Inc dropped -6.54% and -7.6%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley. The small capitalisation Russell 2000 -1.00%.