Dow futures were down more than 400 points on Monday while global crude blew past $100 a barrel as Russia’s invasion of Ukraine continues.
S&P 500 futures were down more than 50 points while Nasdaq futures fell by more than 150 points before the opening bell on Wall Street.
Russia’s currency, the ruble, fell around 30% against the US dollar on Monday, a result of the Western alliance’s decision to cut major Russian lender off from the SWIFT international messaging system. The US Treasury Department announced new sanctions that would immobilize any assets of the Russian central bank in the United States or held by Americans.
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