Dow Jones Futures Plummet as Oil Prices Soar and Bitcoin Hits New Heights
The Dow Jones Futures fell as oil prices and Bitcoin jumped, while Walmart skidded on its earnings report. The Dow Jones futures indicated a decline of over 100 points at the opening bell, despite gains in oil prices and the cryptocurrency market.
Oil prices surged to their highest levels since early March, with Brent crude trading at around $79 per barrel. Meanwhile, Bitcoin prices rose by nearly 3% overnight, reaching an all-time high of just under $29,000.
However, Walmart's disappointing earnings report weighed on the market. The retail giant reported a decline in same-store sales and revenue, sending its stock price plummeting.