What to watch today: Stock futures sink as tech names slide, bitcoin plunges

What to watch today: Stock futures sink as tech names slide, bitcoin plunges

BY THE NUMBERS Wednesday, with tech names under pressure, bitcoin plunging and bond yields rising. Wall Street after the , and each lost just under 1% on Tuesday. In last week's wild ride, the three stock benchmarks had their worst weekly performance since February. (CNBC) on Wednesday for the first time in 14 weeks. In fact, the world's biggest cryptocurrency hit a morning low of below $37,000 per unit, an over 40% decline from last month's all-time high near $65,000. However, was still up about 40% year to date and more than 300% in the past 12 months. (CNBC) Shares of , which invested company cash in bitcoin, fell about 3% in Wednesday's premarket to around $561. , bitcoin dropped below $50,000 and Tesla shares dropped below $600 each after CEO suspended electric vehicle purchases using bitcoin over concerns about the environmental impact of digital currency mining. Tesla shares hit an all-time high of $900 on Jan. 25. (CNBC) topped 1.67% early Wednesday, of the minutes from the 's April policy meeting. The 10-year yield went above 1.7% in last week's stock sell-off, the highest level in more than a month following a run of 14-month highs in March. (CNBC)