U.S. stock index futures were little changed during overnight trading on Sunday.
U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to the Dow Jones Industrial Average slid 13 points. S&P 500 futures declined 0.07%, while Nasdaq 100 futures were down 0.18%. Stocks are coming off a mixed week which saw the Dow post its fourth negative week in five, while the S&P registered two straight weeks of losses for the first time since February. The Nasdaq Composite, meanwhile, gained 0.31% last week, snapping a four-week losing streak. Despite the tech-heavy index’s weekly gain, however, the Nasdaq Composite finished Friday’s session in the red as bitcoin prices once again moved lower, putting pressure on the broader technology sector. The cryptocurrency’s sell-off continued on Sunday, with bitcoin dropping around 16% to under $32,000, according to data from Coin Metrics. On Wednesday, bitcoin prices tumbled to just above $30,000, dropping to the lowest level since late January. „The rapid rise in digital currency values hit a major speedbump this week as cryptocurrencies of all stripes saw sharp declines in their prices,“ strategists at CIBC wrote in a note to clients.
