The broader US equity market settled with modest gains as investors shifted their focus from the US-North Korea summit to a series of key central bank meetings - Dow dipped 2-points to snap a four session winning streak. However, the broader S&P500 added +0.17%, with Utilities (up +1.3%) the leading sector performer. NASDAQ +0.57%, with the FAANG stocks all ticking higher (Facebook Inc up +0.45%, Apple Inc +0.55%, Amazon.com Inc +0.57%, Netflix Inc +0.66% and Google-parent Alphabet Inc +0.64%). Telsa Inc rose +3.2% after Chief Executive Elon Musk announced that the company will let go of about ~9% (or ~3K employees) of its workforce.
