Stock futures fell Tuesday night as investors continue to see a rise in commodity prices, high inflation and a war in Ukraine.

Futures linked to the Dow Jones Industrial Average lost 36 points (or 0.1%) S&P 500 futures and Nasdaq 100 futures lost 0.2% and 0.3%, respectively.

Following a turbulent day, the major averages ended lower. Dow lost 585 points to close the day at 0.5%. The S&P 500 slid 0.7%, also moving into correction territory. Nasdaq Composite dropped 0.2% Monday after it entered bear market territory.

Investors continued to be uncertain about the future as they assessed surging commodity prices such as oil, gasoline and precious metals. This led to market volatility. This fueled fears about slowing global growth and rising inflation.

The Federal Reserve’s ability to manage a soft economy landing remains uncertain, however, Ross Mayfield of Baird, an investment strategy analyst at Baird, said that it should allow the U.S. to stay out of recession.

He stated that the strength of the U.S. labour market, consumers and aggregate corporate sector would be enough to prevent us from falling into recession in the near term. Volatility is expected to continue, [there’s a]Although there are many possible outcomes in Ukraine, the U.S. economy’s fundamentals remain solid, especially if Fed manages to increase rates without disrupting demand.

As oil prices continued their climb, energy stocks were the bright spot on the market. jumping to their highs of the sessionIn response to Ukraine’s invasion, Joe Biden, the President, announced that Russia would no longer be importing fossil fuels. After oil had reached an all-time high of $130 in the first week, it was a response to that country’s invasion.

Nickel was one of the commodities that saw their prices push up again. touched a new record above $100,000 a metric ton.

Treasury yields also soared. The benchmark 10-year note rose close to 10% to 1.85% as investors feared inflation and sold bonds.

Earnings are continuing Wednesday with Campbell Soup (Crowdstrike), Marqeta and Marqeta reporting.

On the economic data front, investors are looking forward to homebuying data from the Mortgage Bankers Association as well as the job openings and labor turnover survey, or JOLTS.