Market retreats in year’s last day of trading!

Dec 30, 2022 thejournalbiz

U.S. stock futures retreated Friday in the final trading session of 2022!

putting all major indexes on pace to close out a punishing year with further losses.

Tweet on market last day of year trading

U.S. stocks kicked off the final trading session of 2022 in negative territory.#EndOfTheYear pic.twitter.com/y61VCU1O9T

— The_Journalbiz (@the_journalbiz) December 30, 2022

FactSet Chart on markets

Stock futures declined. Futures tied to the S&P 500 lost 0.7%, contracts tied to the Dow industrials ticked down 0.4% and those tied to the Nasdaq-100 declined 1%.

Indexes are set for their biggest yearly losses since 2008. The S&P has fallen 19% this year, through Thursday, while the Dow and Nasdaq Composite have lost 8.6% and 33%, respectively.

Government bond prices ticked down. That pushed the yield on the 10-year U.S. Treasury note up to 3.875%, from 3.833% Thursday.

Brent crude, the international benchmark for oil prices, rose after falling for two consecutive sessions. Brent futures recently ticked up 0.1% to $83.51 a barrel.

European stock indexes retreated. The pan-continental Stoxx Europe 600 lost 0.8%.

Asian indexes inched higher. Hong Kong’s Hang Seng rose 0.2% and China’s Shanghai Composite gained 0.5%.

The WSJ Dollar Index declined, falling 0.3% as it continues to lose steam after its blistering 2022 rally.

Bitcoin edged down 0.8% to about $16,474.