Stock Futures Rise: Investors Focus on Putin War in e

Stock futures opened higher Tuesday evening after falling for a second session. Risk assets jittered over ’s war in e and its impact on the global economy.

Contracts on the Stock futures of the S&P 500 recovered some of its earlier losses. Earlier, the blue-chip index fell 1.6%, extending Monday’s losses after a shaky start to March. The Dow and Nasdaq also fell sharply earlier. Risk assets battered as investors weighed the possibility of broader supply chain and financial market disruptions. It came after  kept deepening its attack on e and Western sanctions advanced.

Energy prices continued to rise amid persistent geopolitical concerns, with West Texas crude surging above $100 a barrel. The International Energy Agency also agreed to release 60 million barrels of oil from global inventories. The goal is to ease pressure on already tight energy markets.

To date, Broad Western sanctions against  have included

• formal restrictions on ’s central bank,


• access to the global SWIFT payments system, and


• freezing of various assets held by key n institutions and officials.

Several major companies have also exerted further pressure on , including Apple (AAPL), which announced on Tuesday that it would stop selling all products to , and Disney (DIS), which announced it would stop distributing movies in .

Many S&P 500 constituents have relatively little exposure to  and e from an earnings perspective. Many strategists believe the immediate impact on U.S. corporate earnings and the broader economy may be fairly limited.

Federal Reserve Chairman Jerome Powell will testify before Congress on Wednesday. Part of his semi-annual appearance before lawmakers in what may be the Fed’s first deliberations on how the geopolitical situation could affect the central bank’s consideration of raising interest rates and tightening monetary policy. Make a public statement--the rest of the year.

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