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, 1.60% fell more than 200 points Sunday night, while S&P 500 futures ES00, 1.28% and Nasdaq-100 futures NQ00, 0.53% 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, 1.52% slid 3.5%, its second straight weekly decline and its steepest drop since the week of Oct. 30, 2020. The Nasdaq COMP, 0.55% slipped 0.3%, snapping its four-week winning streak, and the S&P 500 SPX, 1.17% 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, -9.09% 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, -12.20% and dogecoin DOGEUSD, -22.84% also fell Sunday.