Dow futures jump after Russia says it's withdrawing some troops
CNN
Wall Street's Russia-Ukraine fears eased Tuesday morning after Russia announced it is withdrawing some troops following the completion of recent drills near Ukraine.
Dow (INDU) futures jumped more than 400 points, or 1.1%. S&P 500 (SPX) futures surged 1.5% and Nasdaq (COMP) futures were 2% higher.
Investors have been concerned that an armed Russian conflict with Ukraine could badly damage the global economy. A war could send prices surging in regions that have already been struggling with rapidly rising inflation, especially as energy supplies could be disrupted in the middle of a conflict. Russia is a major exporter of oil and particularly natural gas.
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