Dow Jones Futures: Market Rally At Key Level As Inflation Fears Intensify Sell-Off; Bitcoin Falls On Tesla Move


Dow Jones futures rose slightly late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered another day of heavy losses as a big jump in inflation scared investors, pushing Treasury yields significantly higher.


Bitcoin extended losses after Tesla CEO Elon Musk said his company would no longer let people make vehicle purchases via Bitcoin, citing the cryptocurrency’s heavy energy use.

The Colonial Pipeline restarted operations Wednesday afternoon, as gasoline supplies ran increasingly low across the East Coast. Chinese e-commerce giant Alibaba (BABA) is on deck to report earnings early Thursday

Apple stock, Tesla (TSLA), Microsoft (MSFT), (AMZN), Square (SQ), Floor & Decor (FND) and Lam Research (LRCX) tested, undercut or decisively broke key support in Wednesday’s sell-off.

After rallying from intraday lows on Tuesday, especially the Nasdaq, the major indexes and small-cap Russell 2000 all…

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