Futures jump on signs of easing Russia-Ukraine tensions By Reuters

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 26, 2022. REUTERS / Brendan McDermid / File Photo

(Reuters) – US stock index futures jumped on Tuesday on news that Russia was pulling back some troops from near the Ukrainian border, in signs of a de-escalation in tensions between the two countries.

Russia’s defense ministry said that some units in military districts adjacent to Ukraine were returning to their bases after completing drills, helping alleviate fears of a conflict in the region.

However, it was not immediately clear if it was a temporary signal of any kind of significant pullback.

Markets across the globe were roiled by worries of a Russian attack on Ukraine, with the and the ending lower on Monday.

Megacap growth stocks including Tesla (NASDAQ 🙂 Inc, Apple Inc (NASDAQ :), Amazon.com Inc (NASDAQ :), Microsoft Corp (NASDAQ 🙂 and Meta Platforms Inc rose between 1.6% and 3.0% in premarket trading.

Battered travel stocks including those of airline carriers and cruise operators also rose.

The CBOE Market Volatility index, a gauge for investor anxiety, fell back after shooting up to its highest level in nearly three weeks in the previous session.

At 5:36 am ET, were up 310 points, or 0.9%, were up 56.25 points, or 1.28%, and were up 268.25 points, or 1.88%.

(The story corrects typographical error in headline)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link