US Federal Reserve Vice Chair Lael Brainard said that it would be "appropriate soon" for the US central bank to reduce the pace of its aggressive monetary policy tightening. Investors were also encouraged by a meeting between the US and Chinese leaders at the G20 summit. Shares in Amazon fell by 2.3% after the New York Times reported that the tech giant was planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week. At the close, the Dow Jones...
US Federal Reserve Vice Chair Lael Brainard said that it would be "appropriate soon" for the US central bank to reduce the pace of its aggressive monetary policy tightening. Investors were also encouraged by a meeting between the US and Chinese leaders at the G20 summit. Shares in Amazon fell by 2.3% after the New York Times reported that the tech giant was planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week. At the close, the Dow Jones index was lower by 211 points or 0.6% after earlier being up 216 points earlier in the session. The S&P 500 index fell by 0.9%. The Nasdaq index was down by 127 points or 1.1%.
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