(Reuters) – U.S. stock futures fell on Monday after oil prices climbed, and investors weighed the developments surrounding Russia-Ukraine conflict. Boeing shares (NYSE:) dropped following a 737 plane crash in China.

After a China Eastern Airlines (NYSE) passenger plane with 132 people crashed into the mountains in south China, premarket trading for shares in the planemaker saw a 7.8% decline in its shares. No immediate information was available on the causes of the crash.

The energy stocks increased, with Occidental Petroleum, (NYSE:), up 3.1%. It is now above $111 per barrel, as the European Union considers joining the United States under a Russian embargo. [O/R]

The week opened on a low note around the globe as the Ukraine flouted the Russian request that it surrender its troops before Monday dawn in Mariupol. The Kremlin stated that there had not been any breakthrough in peace negotiations between Moscow and Kyiv.

The market was optimistic about a potential peace deal and the expected Federal Reserve rate rise. Wall Street’s main indexes saw their highest weekly percentage gains in a week since early November 2020.

Jerome Powell, Fed Chair, will speak to the National Association for Business Economics Conference (1600 GMT Monday) while others policymakers are set to address the week following a path of hawkish rate increases by the U.S. central banks last week.

The shares of large banks were mixed Morgan Stanley (NYSE) fell 0.8%. Other megacap growth stocks, including Tesla (NASDAQ) Inc, have also declined.

At 06:47 AM. ET fell 134 points or 0.39%. They were also down 9.25 points or 0.21% and 51 points or 0.35%.

Nielsen Holdings (NYSE 🙂 fell 17.3% after rejecting an unsolicited offer by a private equity consortium for the acquisition of its TV ratings business. It was valued at $9.13B.