U.S. stock lower in pre-market trading for,Feb 01.The Dow Futures is trading at 30,084.50  with +0.69% percent or +205.50 point.The S&P 500 Futures is trading at 3,738.38 with +0.89%  percent or +33.13 point.The Nasdaq Futures is trading at 13,041.60 with +1.01% percent or +130.37 point.

Monday’s Factors and Events

In a discussion on the popular Clubhouse audio app late Sunday, Musk confirmed he was a supporter of bitcoin.

“I’ve got to watch what I say here because some of these things can really move the market,” Musk said. “Many friends of mine have tried to convince me to get involved in bitcoin for a long time.”

Musk said he once ate a slice of “bitcoin cake” given to him by a friend in 2013, and that he “clearly … should have at least bought some bitcoin eight years ago — talk about being late to the party.”

Friday Activity

For the day the Dow is trading at 29,982.62 with a loss of -2.03%percent or  ?620.74 point. The S&P 500 is trading at 3,714.24 with a loss of -1.93% percent or  -73.14  point. The Nasdaq Composite is trading at 13,070.69 with  a loss of -2.00% percent or -266.46   point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 2,073.64 with a loss of –1.56% percent or -32.97  point; the S&P 600 Small-Cap Index closed at 1,188.71  with a loss of –1.50% percent or ??18.07 point; the S&P 400 Mid-Cap Index closed at 2,340.12 with a loss of –2.01% percent or -48.09 point; the S&P 100 Index closed at 1,709.75 with a loss of -2.05% percent or  ?35.80 point; the Russell 3000 Index closed at 2,236.37  with a loss of -1.86%percent or -42.32  point; the Russell 1000 Index closed at 2,101.36 with a loss of –1.88%or -40.23 point.

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