Stock Futures Slip as Wall Street Watches Bitcoin Sell-Off

Stock futures fell on Sunday night as Wall Street kicked off a new month of trading, with investors closely monitoring bitcoin following a sharp weekend sell-off.

Dow Jones Industrial Average futures fell 143 points, or 0.3%. S&P 500 futures declined 0.6%, while Nasdaq-100 futures dropped nearly 1%.

Bitcoin slipped below $80,000 for the first time since April, signaling that investors were pulling back on risk after Friday’s steep declines in precious metals. Silver, which has more than doubled over the past 12 months, plunged roughly 30% on Friday, marking its worst single-day performance since 1980. Gold also fell around 9%.

Bitcoin was last trading near $76,000.

Wall Street also shifted its focus to Nvidia as uncertainty surrounding the artificial intelligence sector emerged.

The Wall Street Journal, citing sources familiar with the matter, reported that Nvidia’s proposed $100 billion investment in OpenAI has stalled, with company executives expressing concerns about moving forward with the deal.

Big Earnings and Jobs Data Ahead

More than 100 S&P 500 companies are scheduled to report earnings this week, including Amazon, Alphabet, and Disney. While the current earnings season has largely been strong, several high-profile stocks have faced sharp post-earnings sell-offs, including Microsoft.

Despite this volatility, Deutsche Bank strategists said over the weekend that corporate earnings growth is on pace to be the strongest in four years.

Investors are also awaiting the release of the January U.S. jobs report, scheduled for Friday morning. Economists surveyed by Dow Jones expect that around 55,000 jobs were added last month.

Stocks are coming off a losing session after major market indexes declined Friday, following President Donald Trump announcing Kevin Warsh as his nominee for Federal Reserve chairman. If confirmed, Warsh would replace Jerome Powell later this year.