Dow futures sink 200 points, bitcoin continues its slide – MarketWatch


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, -0.56% fell more than 200 points Sunday night, while S&P 500 futures ES00, -0.49% and Nasdaq-100 futures NQ00, -0.24% 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, -5.76% 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, -7.64% and dogecoin DOGEUSD, -8.94% also fell Sunday.

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