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,
-0.71%
fell more than 200 points Sunday night, while S&P 500 futures
ES00,
-0.59%
and Nasdaq-100 futures
NQ00,
-0.27%
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,
-3.04%
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,
-4.13%
and dogecoin
DOGEUSD,
-7.35%
also fell Sunday.
