By Oliver Gray
Investing.com - Stock futures fell sharply on Monday night, as traders continue to monitor brewing tensions between Russia and Ukraine after Putin ordered his Defence Ministry to dispatch Russian forces to "maintain peace" in eastern Ukraine's two breakaway regions, the Donetsk and Luhansk People's Republics, after he said Moscow would recognize their independence.
Dow Jones Futures lost 0.81%, S&P 500 Futures fell 0.84% and Nasdaq 100 Futures were down 2.54%.
Meantime, expectations of tighter monetary policy have put pressure on stocks, particularly those in rate-sensitive sectors like tech, and have sent Treasury yields sharply higher to start 2022. The benchmark 10-year Treasury yield was last at 1.904%.
Market participants are also looking ahead to the tail-end of the corporate earnings season, with Home Depot Inc (NYSE:HD) and eBay Inc (NASDAQ:EBAY) among the companies set to report this week.
U.S. markets will reopen on Tuesday following the Presidents’ Day public holiday yesterday.