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Futures slide on fears of potential Russian attack on Ukraine -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Man walks down Wall Street in New York, September 18, 2008. REUTERS/Eric Thayer/File Photograph

(Reuters) – U.S. stock futures dropped nearly 1% Monday. This is in response to investors being rattled by Russian threats of invasion Ukraine.

While the United States stated that an imminent threat to invasion exists, it kept diplomatic channels open. It also reaffirmed its commitment to protect “every inch of NATO territory.”

Declines were across the board, with cyclical banks and industrials including JPMorgan Chase & Co (NYSE:), Boeing (NYSE:) Co, Caterpillar Inc (NYSE 🙂 Goldman Sachs Group Inc (NYSE: ) fell between 1.4% – 1.9% during premarket trading

Megacap growth firms include Meta Platforms Inc., Apple Inc. (NASDAQ:). Microsoft Corp (NASDAQ), Alphabet NASDAQ:) Inc and Tesla NASDAQ:) Inc lost between 1.1% & 2.3%.

CBOE Market Volatility Index, commonly known as Wall Street fear gauge, soared to the highest point in almost three weeks.

Global equity markets are also being affected by increasing geopolitical risk. Asian shares started the day on a weak footing, followed by European shares’ poor performance. [MKTS/GLOB]

Over 2% was also lost in travel stocks like American Airlines (NASDAQ) and Carnival Corporation (NYSE) Corp.

At 5:21 a.m. ET were down 273 point, or 0.79%. They were also down 39.75points, or 0.9%. And they were down 150.5points, or 1.6%.

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