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Futures jump on signs of easing Russia-Ukraine tensions -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Traders working at the New York Stock Exchange, U.S.A, 26 January 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) – U.S. stocks index futures jumped Tuesday following news that Russia is withdrawing troops from the Ukrainian border. It was a signal of a reduction in tensions.

Russia’s defense ministry stated that units from military districts bordering Ukraine had completed drills and were now returning to base. This helps to alleviate concerns about a conflict.

But it wasn’t immediately obvious if the signal was indicative of any sort of temporary pullback.

All over the world, markets were shaken by concerns about a Russian invasion of Ukraine. On Monday, the and the ended lower.

Stocks with megacap growth include Tesla (NASDAQ) Inc, Apple Inc(NASDAQ:), Amazon.com Inc. (NASDAQ) Microsoft Corp (NASDAQ:) Premarket trading was dominated by Meta Platforms Inc, which saw a rise of 1.6% to 3.0%.

Also, the number of travel stocks that were unable to be used by airlines or cruise companies rose.

After reaching its peak in three weeks, the CBOE Market Volatility Index, which is a measure of investor anxiety, dropped back.

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

(The story rectifies typographical error in the headline

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