Stock futures are slightly higher as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, January 18, 2022.
Brendan McDermid | Reuters
Stock futures were slightly higher Sunday evening as investors continued to monitor the developing tension between Ukraine and Russia and potential Fed rate hikes.
Futures tied to the Dow Jones Industrial Average climbed 83 points, or 0.2%. S&P 500 futures rose 0.1% and Nasdaq 100 futures added 0.05%.
The moves follow a rocky week for stocks, which were pressured by a hot inflation report and fears of a Russian attack on Ukraine. The Dow and S&P 500 fell 1% and 1.8%, respectively, for the week. The tech-heavy Nasdaq Composite slid more than 2%.
On Friday, the Dow tumbled 503.53 points, or 1.43%. The S&P 500 dropped 1.9% and the Nasdaq Composite shed 2.8%. The declines came as the White House warned that a war in Ukraine could begin “any day now” and urged Americans there to leave “immediately.” Oil prices jumped…
