Morgans Financial Limited

US equity markets retreated, with regional banks under particular pressure - Dow fell -301-points or -0.65%, with Visa Inc (down -2.98%), Nike Inc (2.37%), Walmart Inc (-2.35% after hitting a fresh record intra-day high of US$109.575), JPMorgan Chase & Co (-2.34%) and American Express Co (-2.28%) all declining over >2%.