U.S. stock options were relatively stable during overnight trading Monday prior to the March 1st trading day. This was because investors are continuing to track the ongoing fighting between Russia, Ukraine.

Dow futures lost 15 points. S&P 500 futures fell 0.05% and Nasdaq 100 futures dropped 0.1%.

It is a volatile session MondayNearly 170 points were lost by the Dow Jones Industrial Average. The S&P 500 dropped 0.24% and the Nasdaq Composite rose 0.4%.

This comes amid ongoing fighting between Russia & Ukraine. Ukrainian forces are currently in control of key cities such as Kyiv.

Ukrainian and Russian officials wrapped up a critical roundTalks Monday

The central bank of Russia increased its key interest rates by more than two-thirds on Monday as the ruble plunged following heavy West sanctions.

Marko Kolanovic of JPMorgan said Monday the worst of the Russia-Ukraine sell-off mightBe done.

While Russia/Ukraine’s crisis will cause volatility in the markets, it should have a minimal impact on earnings. Kolanovic stated in Monday’s afternoon note that indirect risks are greater due to the impact of rising commodity prices on inflation and growth as well as consumers. The one bright spot is the fact that the Fed was forced to reassess its position by the market.

Investors are also awaiting the semi-annual hearing of Jerome Powell (Federal Reserve Chair) at House Committee on Financial Services on Wednesday.

Monday marked also the end of February’s trading session. In February, the Dow fell 3.5%. The S&P 500 and Nasdaq fell 3.1% and 3.4%, respectively, this month.

Target, a major box retailer, reports before the bell on Tuesday and Salesforce after the close.

On the economic front, February’s Markit Manufacturing PMI will be released at 9:45 a.m. on Tuesday. At 10:00 am, the ISM manufacturing PMI February 2017 will be available.