Morning Report 4 Sept 19: Weaker manufacturing activity sparks renewed growth worries

US sharemarkets fell on Tuesday. The decline in the manufacturing sector weighed on investor sentiment. Investors monitored latest news on US-China trade talks. President Trump has warned China not to drag its feet on the trade negotiations. Weighing on share indexes were Boeing (-2.7%), Goldman Sachs (- 2.4%), United Health (-1.4%) and Home Depot (-1.7%). But defensive sectors like consumer staples, real estate and utilities all rose. The Dow Jones fell by 285 points or 1.1%. The S&P500 index fell by 0.7% and the Nasdaq lost 89 points or 1.1%.

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