Amazon.com Inc. plans to lay off about 10,000 people in corporate and technology jobs starting as soon as this week, The New York Times reported Monday, citing people with knowledge of the matter.
Indicators that investors use to gauge the health of the U.S. stock market have taken a turn for the worse, fueling worries that the benchmark index may revisit its mid-June bear market low.
Shares of electric carmaker Tesla–last year’s best-performing S&P 500 stock—plunged to their lowest level in three months Monday as the broader market rallied—yet another sign the recently booming market for tech stocks could be over, once postpandemic spending drives growth into other industries.
