June 19, 2021

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

Dow Jones futures fell early Thursday, along with S&P 500 futures and Nasdaq futures, after trading higher late Wednesday. Bitcoin tumbled 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 stock market rally suffered another day of heavy losses as a big jump in inflation scared investors, pushing Treasury yields significantly higher.

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), Amazon.com (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…

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