Market Snapshot: U.S. stock futures fall amid Ukraine invasion jitters, despite late rally on Wall Street

U.S. stock index futures traded lower Friday morning, following a day that saw a sharp recovery toward the end of a volatile trading day, as governments slapped sanctions on Russia for its invasion of Ukraine and assessed the risks resulting from the invasion of Ukraine. Read More...

How are stock-index futures trading

Dow Jones Industrial Average futures YM00, -0.63% were down 332 points, or 1.0%, at 32,824.
S&P 500 futures ES00, -0.62% were off 46.75 points, or 1.09%, at 4,327.
Nasdaq-100 futures NQ00, -0.49% fell 163 points, or 1.2%, to 13,803.

For more: Complete MarketWatch coverage of the Russian invasion of Ukraine

On Thursday, the Dow DJIA snapped a five-session losing streak, closing up 92.07 points, or 0.3%, at 33,223.83, after falling as far as 2.6% in morning trading. The S&P 500 SPX climbed 63.2 points, or 1.5%, finishing at 4,288.70, but in correction territory, while the Nasdaq Composite COMP rose 436.1 points, or 3.3%, ending at 13,473.59, but bouncing off a session low at 12,587.88.

What’s driving the market

President Joe Biden announced a new wave of sanctions against Russia Thursday afternoon in an attempt to isolate Moscow from the global economy. The White House also authorized more U.S. troops to be stationed in Germany. But the U.S. and its allies spared Russia’s oil exports and avoided blocking access to the Swift global payment network.

Read: Nasdaq Composite turns a 3.5% loss into 3.3% gain as stock market stages epic turnaround after Russia invaded Ukraine. Here are 3 reasons for the rebound.

Crude prices continued to rise after rising above $100 a barrel during intraday trading for the first time since 2014. West Texas Intermediate crude for April delivery CLV22, +0.43% was last at about $95 a barrel, while April Brent crude BRNJ22, +0.11%, the global benchmark, was at $101 a barrel.

Gold prices GC00, -0.75% slipped, last trading at about $1,913 an ounce, while cryptocurrencies such as bitcoin BTCUSD, +0.33% and ethereum ETHUSD, -0.83% were fairly stable.

In U.S. economic data on Friday, the Federal Reserve’s preferred inflation indicator, the PCE deflator for January, U.S. durable goods, and the University of Michigan consumer sentiment indicator for February are all due.