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.
