U.S. stock-index futures and cryptocurrency prices fell late Sunday, following Wall Street’s worst week since October.
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, -5.26% 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, -7.25% and dogecoin DOGEUSD, -8.44% also fell Sunday.