US sharemarkets fell on Thursday. Google parent Alphabet extended a two-day sell-off, down 5.2%, as concerns surfaced about the competency of its ChatGPT rival Bard. Shares of Microsoft fell 0.5% with Amazon.com shares down 1.7%. But shares of Walt Disney rose 0.2% after the company posted smaller-than-expected subscriber losses. PepsiCo shares gained 0.7% after reporting better-than-expected results. Luxury brand Tapestry jumped 4.2% on a strong annual profit forecast. With around an hour left of trade, the Dow Jones index was down by 204 points or 0.6% after being up more than 300 points earlier in the session. The S&P 500 index lost 0.6% and the Nasdaq index slid 91 points or 0.8%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.