US equity markets retreated but settled off their worst levels off the session as investors digested the latest central bank monetary policy meeting minutes - Dow fell -172-points or -0.50%, paring an earlier decline of as much as -324-points but snapping a five session winning streak. The broader S&P500 -0.72% at 4,274.04, with Communication Services (down -1.85%), Materials (-1.40%) and Consumer Discretionary (-1.12%) all declined over >1% to lead ten of the eleven primary sectors lower. Energy (up +0.81%) was the only primary sector to advance overnight. The index challenged its 200-day moving average (~4,326) for the first time since April. The Nasdaq dropped -1.25%. The small capitalisation Russell 2000 shed -1.64%. ‘Meme’ stock Bed Bath & Beyond Inc extended its meteoric rise, up a further +11.77% overnight. However, the retailer fell over >16% in extended trading after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the company through his firm RC Ventures.