US equity markets ran out of steam on Friday (11 September), relinquishing earlier gains as investors continued to sell large capitalisation growth stocks and switch into some industrial names - Dow up +131-points or +0.48%, unwinding an earlier gain of as much as +294-points or +1.1%. 3M Co (up +1.85%), Home Depot Inc (+1.33%) and Caterpillar Inc (+2.65%) were among the best Dow performers. Pfizer Inc hosts a two-day virtual investor day to discuss its pipeline of drugs that kicks off tonight AEST. The chief executive of the pharmaceutical group said Sunday (13 September) in an interview with CBS News that the company should know if its experimental COVID-19 vaccine works by the end of October — and if approved, it could be distributed in the U.S. by the end of the year. The broader S&P500 eked out a +0.05% gain, with gains for the Industrials (up +1.39%) and Materials (+1.31%) sector largely offset by a -0.75% decline for the Information Technology sector. Oracle Corp settled -0.58% lower after touching a record high of US$61.86 a day after the database software company topped Wall Street’s fiscal first quarter earnings estimates and forecast an acceleration of revenue growth The technology-centric NASDAQ lost -0.60% after trading in a more than >2.7% intra-day range. Apple Inc fell -1.31%, with investors eyeing the company’s digital-only event on Tuesday night AEST (15 September), which features the tagline “Time Flies”, at which a new Apple Watch series and new iPad Air are expected to be unveiled. The company will host a second iPhone-focussed event in October. Microsoft Corp (-0.65%) is expected to launch its Xbox cloud gaming service in 22 countries on Tuesday night AEST (15 September), heating up the competition with Sony.