How are stock-index futures trading:
S&P 500 futures are down 01%.
Dow Jones Industrial Average futures are dipping 0.1%.
Nasdaq 100 futures are retreating 0.1%.
On Monday, the Dow Jones Industrial Average fell 55 points, or 0.13%, to 43,390, the S&P 500 increased 23 points, or 0.39%, to 5,894, and the Nasdaq Composite gained 112 points, or 0.6%, to 18,792.
Early small gains in U.S. stock futures are being reversed as traders fret about heightened tensions surrounding the Ukraine-Russia war.
The moves follows news that Russian President Vladimir Putin approved a change to the country’s nuclear doctrine – a protocol that would allow a Russian nuclear response to conventional weapon usage. It comes after the U.S. approved the use of its weapons by Ukraine against Russian targets, following North Korean troops being brought into the conflict.
The STOXX 600 index of European stocks turned a gain into a 0.2% loss. The euro fell 0.3% to $1.0567 and German 10-year bond yields dropped 6.7 basis points to 2.308%.
A broad risk-off mood has developed, pushing U.S equity futures lower and causing a move into perceived havens. Gold was up 0.5% to $2,620 an ounce, the Japanese yen was rallying 0.6% to 153.75 yen and 10-year Treasury yields were sliding 4.3 basis points to 4.378%.
The early Tuesday sell-off comes as the U.S. market waits to see who president-elect Donald Trump will choose as Treasury secretary for his new administration. Investors are also eyeing crucial sentiment-setting earnings on Wednesday from Nvidia.
U.S. economic data due Tuesday include housing starts at building permits for October, published at 8:30 a.m.