US stock futures fall as Ukraine tensions rise

US stock futures fall as Ukraine tensions rise

By Steve Rothwell, Associated Press | Posted - Mar. 3, 2014 at 7:20 a.m.


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NEW YORK (AP) — U.S. stock futures fell sharply on rising tension over Russia's military advance into Ukraine and the threat of possible sanctions by Western governments. Oil and gold rose.

KEEPING SCORE: The Dow Jones industrial average futures fell 126 points, or 0.8 percent, to 16,180 as of 9 a.m. Eastern time. The Standard & Poor's 500 index futures fell 16 points, or 0.9 percent, to 1,841 and the Nasdaq futures were down 32 points, or 0.9 percent, at 3,662.

WORLD MARKETS: In Europe, major stock indexes fell. Germany's DAX sank 281 points, or 2.9 percent, to 9,412. Britain's FTSE 100 dropped 113, or 1.7 percent, to 6,697.72. Japan's Nikkei fell, 188, or 1.3 percent, to 14,652.

OIL, GOLD AND TREASURIES: Oil climbed $2.12, or 2.1 percent, to $104.72 a barrel following warnings by Washington and other governments that Russia, an oil exporter, might face sanctions after it seized control of Ukraine's Crimean Peninsula. The price of gold rose $26.30, or 2 percent, to $1,347.80.

The yield on the 10-year Treasury note fell to 2.61 percent from 2.65 percent as investors bought safer investments like U.S. Treasury notes.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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