Dow futures slump over 500 points, signaling rough start to week for equities
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply on Monday.
What’s happening ?
Futures on the Dow Jones Industrial Average YM00, -1.33% fell 516 points, or 1.6%, to 32,293.
S&P 500 futures ES00, -1.73% dropped 78.75 points, or 1.9%, to 4,040.75.
Nasdaq-100 futures NQ00, -2.28% dropped 303.25 points, or 2.4%, to 12,392.50.
The Dow DJIA, -0.30% and S&P 500 SPX, -0.57% each slipped 0.2% last week, while the technology-heavy Nasdaq COMP, -1.40% fell 1.5%. The weekly declines came after wild swings for major indexes, surging on Wednesday and falling sharply on Thursday.
Cryptocurrencies fell over the weekend as well, with bitcoin BTCUSD, -4.91% dropping below the $35,000 level, down nearly half from its record high set in November.
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