Rio Times Global Economy Briefing
The Big Three
A historic milestone. The Russell 2000 index of smaller US companies closed above 3,000 for the first time ever, having climbed from a low near 2,088 over the past year.
The giants stumbled. Big technology shares tumbled — Alphabet fell 5% and Amazon nearly 5% — dragging the Nasdaq down 1.3% even as the broader market held up.
Oil keeps sliding. Crude fell toward $75 as Middle East peace talks pointed to a final deal within 60 days, extending relief for energy importers like Brazil.
