Dow futures sink 200 points, bitcoin continues its slide

U.S. stock index futures and cryptocurrency prices fell late Sunday after the worst week on Wall Street since October.

Dow Jones Industrial Average futures
JM00,
-0.56%

Down more than 200 points Sunday night during S&P 500 futures
ES00,
-0.46%

and Nasdaq 100 futures
NQ00,
-0.19%

also decreased.

Stocks fell sharply on Friday following restrictive comments from St. Louis Federal Reserve President James Bullard who proposed interest rates should be increased as early as the end of 2022, about a year ahead of the Fed’s supposed schedule.

For the week it’s the Dow
DJIA,
-1.58%

slipped 3.5%, the second straight weekly decline and steepest decline since the week of October 30, 2020. The Nasdaq
COMP,
-0.92%

slipped 0.3% and broke off its four-week winning streak, and the S&P 500
SPX,
-1.31%

fell 1.9%, ending a three-week winning streak.

Meanwhile, cryptocurrencies continued to decline over the weekend after China recently cracked down on crypto miners. Bitcoin
BTCUSD,
-4.74%

fell as low as $ 33,400 on Sunday before bouncing back above the $ 35,000 mark. Bitcoin is down about 9% in the past five days. Ethereum prices
ETHUSD,
-6.56%

and Dogecoin
DOGEUSD,
-8.49%

also fell on Sunday.

Comments are closed.