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Futures Movers: 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,
-0.32%

fell more than 200 points Sunday night, while S&P 500 futures
ES00,
-0.25%

and Nasdaq-100 futures
NQ00,
-0.01%

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,
-4.12%

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,
-5.96%

and dogecoin
DOGEUSD,
-6.66%

also fell Sunday.

NewsWatch: Odds favor the Dow being higher at the end of 2021 and 125 years of history supports this

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