Stock futures in the United States were flat Monday night as traders closely monitored simmering tensions between Russia, Ukraine and weighed the possible impact of tighter Federal Reserve monetary policy.

Futures tied to the Dow Jones Industrial Average dipped just 4 points, or about 0.1%.. S&P 500 futures rose 0.1% along with Nasdaq 100 futures.

Wall Street comes off volatile trading session.

Following a drop of more than 400 point, the Dow fell by 17.89 points (or 0.5%) before closing lower. The S&P 500 dropped as much as 1.2% before ending the day 0.4% lower. Nasdaq Composite lost 0.9%, before closing below the flatline.

Meanwhile, crude oil soared to its highest point since September 2014, and gold futures reached levels never seen since Nov. 16.

These moves were made at a time when the Russia-Ukraine war seemed to be escalating. Antony Blinken, Secretary of State, ordered that the U.S. Embassy in Kyiv (Ukraine) be closed. He cited a “serious threat to national security.”dramatic acceleration in the buildup of Russian forces” at Ukraine’s frontier.

Ryan Detrick, chief market strategist at LPL Financial, stated that investors are nervous with high geopolitical tensions and crude oil hovering around $100 per barrel. However, after Friday’s wild ride, today’s smooth day feels like a win.

Investors were also concerned about Fed rate increases in the future.

CNBC’s Steve Liesman heard Monday from James Bullard of St. Louis Fed, that the central bank must take a more aggressive approach to fighting inflation. Citigroup and Goldman Sachs raised their rates outlooks for 2022 by seven, after the consumer price index rose at its fastest pace year-over-year rate since 1982.

“I believe we must front-load more of the planned accommodation removals than we have done previously. The upside of inflation has been surprising to us. It’s a lot. Bullard said.

His credibility was at risk here, and it is up to us to respond to data. But, I think it’s possible to do so in an organized manner that isn’t disruptive to the markets.

LPL’s Detrick indicated that while there are concerns about inflationary pressures, tighter U.S. monetary policy and other market factors, investors shouldn’t be afraid.

His comments included that Fed hikes were imminent, inflation was out of control and geopolitical tensions were high. However, it is important to remember that the company is about to end another solid earnings season. There are many concerns, however, investors should have hope that they will see strong earnings and companies optimistic about the economy’s future.

More than 70% of S&P 500 companies have posted their latest quarterly results, with 77% of those names beating analyst expectations, according to FactSet. The companies that posted their latest quarterly results have seen an average 30% increase in earnings year over year.

—CNBC’s Maggie Fitzgerald contributed to this report.

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