Finance

Dow futures fall 300 points, Nasdaq futures drop 1.5% as tech shares decline and bitcoin tanks

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U.S. stock futures fell sharply early Wednesday, pointing to a third straight negative day on Wall Street as selling returned to the tech sector.

Nasdaq 100 index futures dropped by 1.5% as Microsoft, Facebook, Alphabet and Apple all slid more than 1% in premarket trading. Dow Jones Industrial average futures shed 310 points, while S&P 500 futures lost 1%.

Sentiment in the tech sector was dented by a drop in cryptocurrencies including bitcoin. The world’s largest digital token fell below $40,000 for the first time in 14 weeks and last traded around $36,060 apiece. At one point, the price was down 20% in the last 24 hours and it has fallen more than 30% in one week, according to Coinbase….



Source cnbc.com

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