US markets resumed trading after the Labor Day long weekend with sharp falls as geopolitical tensions weighed on sentiment, while investors also pondered the threat of another Hurricane (Irma) making landfall (with Insurance stocks under pressures - Dow tumbled -234-points or -1.07% to cap its worst session since August 17, with the major investment banks the biggest drag on the index (Goldman Sachs down -3.60%, Bank of America -3.20% and JPMorgan Chase -2.40%). The broader S&P500 fell -0.76% with Financials down -2.2% the worst performer, leading 8 of 11 sectors lower). The technology-centric NASDAQ lost -0.93%.
