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Stocks Advance as Concerns Over Rate Hikes Recede: Markets Wrap

(Bloomberg) -- US index futures and global stocks rose amid signs inflation expectations are receding and central banks are no longer in a rush to accelerate monetary tightening. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.3% each. MSCI Inc.โ€™s benchmark for world equities climbed for a seventh day. Crude oil extended gains as an OPEC+ plan for output cuts sparked short covering. Tesla Inc. rose in New York premarket trading after reporting a 19% increase in China deliverie...
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Meta erases US$252 billion in value, biggest wipeout in history

Meta Platforms Inc.โ€™s one-day crash now ranks as the worst in stock-market history. The Facebook parent plunged 26% Thursday on the back of woeful earnings results, and erased about US$252 billion in market value. Thatโ€™s the biggest wipeout in market value for any U.S. company ever.
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