Dow futures sink 200 points, bitcoin continues its slide

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,
-0.57%

fell more than 200 points Sunday night, while S&P 500 futures
ES00,
-0.49%

and Nasdaq-100 futures
NQ00,
-0.25%

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,
-5.05%

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,
-6.96%

and dogecoin
DOGEUSD,
-8.46%

also fell Sunday.

Source link

READ ALSO :  Germany’s federal election may be the Georgia Senate race of the autumn

Give a Comment