By Oliver Gray
Investing.com - U.S. stock futures were little changed in early APAC deals on Tuesday, with market participants assessing an evolving situation in Ukraine after Secretary of State Antony Blinken on Monday ordered the U.S. Embassy in Kyiv closed, noting the “dramatic acceleration in the buildup of Russian forces” on Ukraine’s border, while the potential impact of tighter monetary policy from the Federal Reserve also weighed on sentiment.
During Monday’s regular session, The Dow fell 171.89 points or 0.49% to 34,566.17, The S&P 500 lost 16.97 points or 0.38% to 4,401.67 and the Nasdaq Composite finished just 0.03% lower at 13,790.92.
Dow Jones Futures were up 0.05%, S&P 500 Futures gained 0.13% Nasdaq 100 Futures added 0.26%
Among stocks, financial heavyweights fell, with JPMorgan Chase & Co (NYSE:JPM) down 0.93%, Citizens Financial Group Inc (NYSE:CFG) falling 1.49%, Bank of America Corp (NYSE:BAC) down 1.04%, Citigroup Inc (NYSE:C) dipping 1.03%, Wells Fargo & Company (NYSE:WFC) losing 0.79% and Morgan Stanley (NYSE:MS) down 1.91%.
Technology names were mostly higher, with Block Inc (NYSE:SQ) adding 3.49%, Amazon.com Inc (NASDAQ:AMZN) up 1.22%, Apple Inc (NASDAQ:AAPL) gaining 0.14%, Alphabet Inc (NASDAQ:GOOGL) up 0.93% and Netflix Inc (NASDAQ:NFLX) adding 1.34% while Microsoft Corporation (NASDAQ:MSFT) finished flat and Meta Platforms Inc (NASDAQ:FB) dipped 0.84%.
EV makers gained, with Tesla Inc (NASDAQ:TSLA) up 1.83%, Rivian Automotive Inc (NASDAQ:RIVN) adding 6.46% and Lucid Group Inc (NASDAQ:LCID) up 6.19%.
On the bond markets, United States 10-Year rates were at 1.986%.
Ahead in the week, traders will be focused on PPI data, retail sales and FOMC minutes as well as building permits, housing starts and existing home sales.