Stock Market Today: Dow, S&P Live Updates for Dec. 15 – Bloomberg

Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Bridgewater’s Jensen Says China Reopening Adds Risk to US, European Growth
Unilever Settles Ben & Jerry’s Dispute Over Sale of Israeli Ice Cream Business
Mexico’s Central Bank Matches Fed With Smaller Rate Hike
US Economy Shows Signs of Cooling Even as the Labor Market Holds Strong
Israel’s Inflation Rate Climbs to the Highest Level Since 2008
US Retailers’ Unusual Request to Suppliers: Stop Sending New Products
McDonald’s Strikes Solar Deal to Power US Supply Chain
Nikola CEO Sells $17.2 Million of Stock in the Months Leading to Retirement
Meta Stops Planned $342 Million Data Center Expansion in Denmark
Amazon to Publish ‘Tomb Raider’ Title in Boost to Gaming Ambitions
Israel’s Netanyahu Urges Biden to ‘Reaffirm’ US-Saudi Ties
EU Leaders Urge Gas Price Cap Deal as Ceiling Level Remains Open
These US Towns Got a Lot More Expensive in the Past Decade
Hedge Fund Glen Point, Founder Phillips Sued by CFTC Over Alleged Trading Scheme
Messi Carries the Weight of Argentina Into World Cup Final
Mets’ Cohen, Dubbed MLB’s New `Goliath,’ Gets Nimmo to Stay
The SEC Wants More Stock Auctions
The Fed’s Soft Landing Might Still Be Possible
ECB Gets Hawkish on Rates While BOE Starts to Split
One Way to Boost Access to Birth Control: Skip the Prescription
The Activision-Microsoft Deal Is FTC Chair Khan’s Biggest Target Yet
A Racist Tweet Wasn’t the Only Problem at Elite London Firm
Workers at Walmart’s South Africa Unit Drop Union for Wage Offer
A Racism Lawsuit Against Tesla Is Gaining Momentum in California
BlackRock and State Street Grilled by Texas Lawmakers in ESG Debate
Texas Faces Arctic Blast 22 Months After Freeze Knocked Out Power
NYC Helicopters Are Back, Sending Noise Complaints Soaring 678%
NYC Wants to Cut Average Commute Times to 30 Minutes as Part of Revival Plan
Chicago Taps Brakes on Gentrification With a Tax on Teardowns
What Crypto’s Decline Means for the Future of Bitcoin ATMs (Podcast)
Sam Bankman-Fried’s Arrest Shows Crypto Cops Are Catching Up
How 2022 Became A Very Bad Year for Crypto — And Its Biggest Players (Podcast)
Vildana Hajric
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Stocks across global financial markets were pummeled after a wave of rate hikes from central banks, with the Federal Reserve and the European Central Bank warning of more pain to come. 
US equities hit session lows in the afternoon in New York, with the S&P 500 declining as much as 2.9% and the tech-heavy Nasdaq 100 falling as much as 3.8%. Risk assets have been on the back foot since Fed Chair Jerome Powell reiterated his hawkish stance on Wednesday and policymakers signaled a peak rate that was above market expectations. Stocks in Europe closed Thursday’s session lower after the ECB’s upward revision to 2024 inflation projections.

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