Dow futures sink 200 points, bitcoin continues its slide

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U.S. stock-index futures fell late Sunday, following Wall Street's worst week since October.

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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, -0.53% fell more than 200 points Sunday night, while S&P 500 futures ES00, -0.43% and Nasdaq-100 futures NQ00, -0.21% 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, -3.82% 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, -5.60% and dogecoin DOGEUSD, -6.89% also fell Sunday.

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Bitcoin shouldn't have had any effect on the DOW.

$amc $gme

Kennie needs some money to buy us tendies! NakedShorts $GME GMESQUEEZE

Whatever. Bullish. Long QQQ.

I expect the slow-dawning and utterly depressing facts on the Delta variant of COVID may have more to do with it. This moment is starting to feel more like an intermission than the end of the play.

Dow will bounce back at 10:10 am tomorrow. Mark my words

Dow will sink another 2,000 points this week

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