Dow Jones Futures: Market Rally Begins Amid Ukraine Invasion; Watch Out For ‘Swift’ Reversal As West Targets Russian Banks

Dow Jones futures will open  Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market plunged to fresh lows last week but then rebounded powerfully, with Russia’s ongoing Ukraine invasion — and growing Western sanctions.




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Ukraine continues to resist Russia’s advance, notably near the capital Kyiv. Germany, in a big shift, backed sending weapons to Ukraine, which also eases the path for several other European nations to send lethal aid.

‘Swift’ Punishment For Russia

The stock market rebounded late last week in large part on relief that Western sanctions weren’t as harsh as feared.

But on Saturday, the U.S., European Union, U.K. and Canada agreeing to suspend some Russian banks from the Swift payments system and target Russia’s central banks.

Swift connects all the world banks in a network, handling trillions of dollars worth of payments. Without…

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