Dow Jones futures rose slightly Sunday evening, along with S&P 500 futures and Nasdaq futures. The major indexes last week reversed lower from key resistance to undercut key support, raising fresh concerns about the stock market rally.
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A hot inflation report and fears of an imminent Russia invasion of Ukraine spurred the stock market sell-off late in the week.
President Joe Biden warned Russian President Vladimir Putin of “swift and severe costs” for invading Ukraine in a Saturday phone call. Both countries pulled diplomatic staff out of Ukraine. Russia is conducting wargames with Belarus through Feb. 20. A Ukraine invasion possibly could follow, though it’s still possible Putin demobilizes.
Russia/Ukraine news is likely to be in focus for stock, bond and energy markets in the coming days.
This is not a good time to be adding exposure.
Still, Apple stock, Regeneron (REGN),…
