U.S. stock index futures were little changed early Monday as traders weighed the prospect of further sanctions on Russia over the war in Ukraine.
After the S&P 500 index posted a third straight week of gains on Friday, evidence of potential war crimes by Russia over the weekend prompted the EU and U.S. to push for new penalties after reports that Russian troops executed unarmed civilians in Ukrainian towns.After the S&P 500 index posted a third straight week of gains on Friday, evidence of potential war crimes by Russia over the weekend prompted the EU and U.S.
What’s driving the market ? Investors were monitoring the latest developments in Ukraine. German Chancellor Olaf Scholz said Sunday that Western nations will impose additional sanctions on Russia in the coming days. A worsening Covid outbreak and lockdowns in China also pose a threat to oil demand. Chinese markets were closed Monday for a holiday, while most of Shanghai’s 25 million residents are under some form of Covid lockdown.
The U.S. economy created a healthy 431,000 jobs in March and the unemployment rate fell to 3.6% from 3.8%.
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