US equity markets closed narrowly mixed , with the S&P500 on track to close out its worst first half of the year since 1970 - Dow added +82-points or +0.27%, The broader S&P500 slipped 0.07%, with the Energy sector (down -3.43%) the worst performing primary sector after being the leading sector for the preceding two session. More defensive sectors outperformed overnight, with Healthcare up +0.87% and Consumer Staples +0.49%. Carnival Corp tumbled -14.13% after Morgan Stanley cut its price target on the stock roughly in half and said it could potentially go to zero in the face of another demand shock. The call dragged other cruise stocks lower, with Royal Caribbean Cruises Ltd and Norwegian falling -10.26% and -9.33% respectively. The Nasdaq dipped -0.03%. Chipmakers led declines after Bank of America downgraded several chip stocks due to rising competition. Advanced Micro Devices fell -3.45%, Micron Technology Inc -3.18% and Teradyne Inc -5.23%. However, Amazon.com Inc gained +1.4% after JPMorgan reiterated its overweight rating on the stock. Meta Platforms rose +2.03%, Apple Inc +1.30% and Microsoft Corp +1.47%.The small capitalisation Russell 2000 lost -1.12%.