Dow futures sink 200 points, bitcoin continues its slide

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U.S. stock-index futures and cryptocurrency prices fell late Sunday, following Wall Street’s worst week since October.

Dow Jones Industrial Average futures
YM00,
-0.11%
fell more than 200 points Sunday night, while S&P 500 futures
ES00,
-0.11%
and Nasdaq-100 futures
NQ00,
+0.08%
also sank.

Stocks fell sharply Friday after hawkish comments from St. Louis Federal Reserve President James Bullard that suggested interest rates should be raised as soon as late 2022, about a year ahead of the Fed’s perceived schedule.

For the week, the Dow
DJIA,
-1.58%
slid 3.5%, its second straight weekly decline and its steepest drop since the week of Oct. 30, 2020. The Nasdaq
COMP,
-0.92%
slipped 0.3%, snapping 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 fall over the weekend, following a recent crackdown by China against crypto miners. Bitcoin
BTCUSD,
-8.42%
fell as low as $33,400 on Sunday, before recovering above the $35,000 level. Bitcoin is down about 9% over the past five days. Prices of ethereum
ETHUSD,
-10.91%
and dogecoin
DOGEUSD,
-10.55%
also fell Sunday.

Source

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