Morgans AM: Wednesday, 26 April 2023

US equity markets retreated amid a flood of corporate earnings releases and with investors eying results from some technology majors after the closing bell - Dow fell -344-points or -1.02%, The broader S&P500 lost -1.58%, with Materials (down -2.15%), Information Technology (-2.09%) and Consumer Discretionary (-2.05%) down over >2% and leading all eleven primary sectors lower. The Nasdaq dropped -1.98% to 11,799.16, marking the technology-centric indice’s lowest settlement since 28 March. The small capitalisation Russell 2000 slumped -2.40%.