Ukraine Tensions Spur U.S. Stock Futures Downward
By Chris Dieterich
U.S. stock futures ticked lower amid fresh concerns about tension on the Russia-Ukraine border and ahead of a full slate of U.S. economic reports.
Futures on the Dow Jones Industrial Average fell 51 points, or 0.3%, to 17042 about 90 minutes before the opening bell.
Futures on the S&P 500 index declined six points, or 0.3%, to 1990. Nasdaq-100 Index futures dropped 11 points, or 0.3%, to 4062.
Changes in futures prices don't necessarily translate into actual stock moves after the opening bell.
Thursdays' more cautious tilt puts in jeopardy a three-session streak of gains for the S&P 500 that carried the index over 2000 for the first time.
U.S. stock futures fell to overnight lows following reports of a resurgence in tensions between Ukraine and Russia.
The Stoxx Europe 600 fell 0.8%, while Germany's DAX sank 1.3%. Russia's Micex fell 2.6%
In the U.S., investors will digest a second reading on second-quarter gross domestic product, which at 8:30 a.m. EDT is expected to show a 3.8% growth rate from April to June. The snapback could confirm an initial 4% reading on the heels of a decline of 2.1% in the first quarter.