Dow Futures, Bitcoin Price Recover as Markets Claw Back Early-Week Losses

bitcoin price dow jones climb

By CCN.com: The US stock market appears to be having second thoughts about yesterday’s colossal sell-off, as Dow Jones futures are implying triple-digit gains at the opening bell. The cryptocurrency market is also trending up, with some analysts arguing that the bitcoin price has found a bottom.

Dow Futures Rise as Much as 200 Points after Tuesday Plunge

As of 8:36 am ET, Dow Jones Industrial Average futures had climbed by 181 points or 0.74 percent, implying gains of 193.52 points at the open. S&P 500 and Nasdaq futures had also made gains, with the Dow’s two sister indices adding 0.43 percent and 0.46 percent, respectively.

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Dow Jones Industrial Average (blue), S&P 500 (red), and Nasdaq (orange) futures all made significant gains ahead of the market open.[/caption]

All three indices had suffered enormous losses on Tuesday as the US stock market resumed trading following the Monday holiday. The Dow closed 301.87 points in the red after plunging more than 400 points earlier in the day, reducing the index to 24,404.48 for a single-day loss of 1.22 percent. The S&P 500 and Nasdaq fell even further, with the former slipping 1.42 percent to 2,632.90 and the latter careening down 1.91 percent to close at 7,020.36.

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