Stock futures opened higher Tuesday evening after a steep sell-off during the regular trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022.
Contracts on the S&P 500 rose. The blue-chip index had closed lower by just over 1% on Tuesday, bringing it more than 10% from its record closing high from Jan. 3 — or below the threshold to have entered a correction. The Nasdaq and Dow each also ended in sharply in the red.
Hopes of a diplomatic resolution for tensions between Russia and Ukraine appeared to deteriorate on Tuesday, as President Joe Biden publicly called Russia’s move to deploy troops to separatist regions of Ukraine “the beginning of a Russian invasion” of the region. The U.S. also unleashed a first tranche of sanctions on Russian financial institutions, sovereign debt and several key individuals in the country. Late Tuesday, U.S. Secretary of…
