Wednesday, 6 September 2023: US equity markets resumed trading following the Labor Day long weekend
Sep 6, 2023 ·
5m 22s
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Description
US equity markets resumed trading following the Labor Day long weekend, with value stocks under particular pressure as investors digested some disappointing manufacturing orders data - Dow fell -196-points or...
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US equity markets resumed trading following the Labor Day long weekend, with value stocks under particular pressure as investors digested some disappointing manufacturing orders data - Dow fell -196-points or -0.6%, The broader S&P500 -0.42%, with Materials (down -1.81%), Industrials (-1.69%) and Utilities (-1.54%) all declining over >1.5% to lead eight of the eleven primary sectors lower. Energy (up +0.49%) and Information Technology (+0.39%) sat atop the primary sector leaderboard. The Nasdaq dipped -0.08%. The small capitalisation Russell 2000 lost -2.10% as rising Treasury yields added pressure.
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Information
| Author | Morgans Financial Limited |
| Organization | Morgans Financial Limited |
| Website | - |
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