Stock futures rise as Ukraine tensions ease

AP News
Posted: Mar 04, 2014 9:30 AM
Stock futures rise as Ukraine tensions ease

NEW YORK (AP) — Global markets recovered Tuesday after Russian President Vladimir Putin ordered troops participating in military exercises near Ukraine to return to their bases. Stocks rose, while oil and gold fell.

KEEPING SCORE: Dow Jones industrial average futures jumped 168 points to 16,316 as of 9:20 a.m. Eastern time. Standard & Poor's 500 index futures rose 18 points to 1,861 and Nasdaq futures gained 38 points to 3,707. All three U.S. indexes climbed 1 percent.

WORLD MARKETS: In Europe, major stock indexes also rebounded from sharp declines on Monday. Germany's DAX jumped 2 percent and Britain's FTSE 100 increased 1.4 percent.

OIL, GOLD AND BONDS: Oil fell $1.31 to $103.61 a barrel in New York. On Monday, it rose sharply following warnings by Washington and other governments that Russia, a major oil exporter, might face sanctions after it seized control of Ukraine's Crimean Peninsula.

The yield on the 10-year Treasury note rose to 2.64 percent from 2.60 percent late Monday as investors sold safer investments like U.S. government.