Dow futures sink 200 points, bitcoin continues its slide

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

Dow Jones Industrial Average futures
fell greater than 200 factors Sunday evening, whereas S&P 500 futures
and Nasdaq-100 futures
additionally sank.

Stocks fell sharply Friday after hawkish feedback from St. Louis Federal Reserve President James Bullard that advised rates of interest must be raised as quickly as late 2022, a few yr forward of the Fed’s perceived schedule.

For the week, the Dow
slid 3.5%, its second straight weekly decline and its steepest drop for the reason that week of Oct. 30, 2020. The Nasdaq
slipped 0.3%, snapping its four-week profitable streak, and the S&P 500
fell 1.9%, ending a three-week profitable streak.

Meanwhile, cryptocurrencies continued to fall over the weekend, following a latest crackdown by China in opposition to crypto miners. Bitcoin
fell as little as $33,400 on Sunday, earlier than recovering above the $35,000 stage. Bitcoin is down about 9% over the previous 5 days. Prices of ethereum
and dogecoin
additionally fell Sunday.

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