Stock Market Today: Futures Sag on Reports Russia Enters Ukraine
NEW YORK ( TheStreet) -- U.S. stock index futures were slipping Thursday amid geopolitical caution after Ukraine President Petro Poroshenko said that Russia has invaded Ukraine. Poroshenko called an emergency meeting of the nation's security council and canceled a foreign trip, declaring that "Russian forces have entered Ukraine."
Dow Jones Industrial Average
TheStreet's Jonathan Marino has a closer look at how global markets are faring Thursday:
The search for safety and uncertainties about how the latest tensions between Russia and Ukraine would affect global oil exports prompted a a 0.23% spike in United States Oil Fund
In London, the FTSE 100 slipped 0.21% at 6,816.25. In Frankfurt, the DAX declined 0.69% at 9,503.61. The CAC in Paris gave up 0.46% to stand at 4,375.06 as of late morning.
"I have made a decision to cancel my working visit to the Republic of Turkey due to sharp aggravation of the situation in Donetsk region, particularly in Amvrosiivka and Starobeshevo, as Russian troops were actually brought into Ukraine," Poroshenko said in a press statement Thursday.
U.S. economic data was better than expected, with the second estimate of U.S. second-quarter GDP coming in at 4.2% vs. the 4% consensus estimate. Weekly initial jobless claims fell to 298,000 last week vs. the average estimate of 300,000.
In Thursday's corporate news , the FBI is investigating a computer-hacking attack on JPMorgan Chase
Earnings reports were unsatisfactory. Abercrombie & Fitch
The S&P 500 ended Wednesday almost where it was after Tuesday's closing -- just above 2,000 , after flitting in and out of positive territory throughout the day in the absence of any new economic catalysts.