Stocks, U.S. futures fall as brutal year nears end - BNN Bloomberg

Technology and telecommunications shares led a broad-based decline in the Stoxx Europe 600 index, which is heading for its worst year since 2018. S&P 500 futures slipped about 0.4 per cent, taking the shine off the best day this month for the US index on Thursday when it jumped 1.7 per cent. Nasdaq 100 contracts also declined after the benchmark jumped 2.5 per cent Thursday. The index has lost a third of value this year as tech stocks emerged as some of the most vulnerable to rising rates.

The uncertain direction sapped hopes for a stellar rally to close out 2022 — a year when inflation reasserted itself to wipe a fifth in value from global stocks, the worst run since the financial crisis. Bonds lost 16 per cent of value, the biggest decline since at least 1990 for one leading measure, as central banks raced to slow rising consumer prices by hiking interest rates around the world.

Elsewhere in markets, oil rose after a three-day run of declines on worries about a rise in crude stockpiles and concerns that rising COVID-19 infections in China would slow demand in one of the world's top oil importers. The Stoxx Europe 600 fell 0.4 per cent as of 9:58 a.m. London timeFutures on the Dow Jones Industrial Average fell 0.3 per centCurrenciesThe Japanese yen rose 0.7 per cent to 132.04 per dollarThe British pound fell 0.2 per cent to US$1.

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These are the stocks that kept investors up at night in 2022 - BNN BloombergFor those who trod in the wrong places, the outcome has been painful. About half of a US$9.1 trillion rout in the S&P 500 Index was the doing of just six megacaps: Amazon.com Inc., Apple Inc., Alphabet Inc., Microsoft Corp., Tesla Inc. and Meta Platforms Inc., each of which erased between $632 billion and $908 billion of market value. Here’s a closer look at some of the most stunning stock wipeouts of 2022.
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U.S. stocks sink on fresh COVID threat to world economy - BNN Bloomberg​U.S. stocks fell for a second day and Treasury yields rose, as hopes for a year-end rally faltered.
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