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Futures slip on rising tensions in Ukraine By Reuters

© Reuters. FILE PHOTO: A sign on Wall Street in front of the New York Stock Exchange September 18, 2007. REUTERS/Brendan McDermid/File Photo

By Susan Mathew and Devik Jain

(Reuters) – U.S. stock index futures fell on Thursday after reports of clashes in eastern Ukraine kept investors on edge, while weekly jobless claims data were released. expected for clues to a labor market recovery.

Some earnings-related declines also weighed, with chipmaker Nvidia (NASDAQ 🙂 slipping 3.4% in premarket trading as flat gross margins and concerns about its crypto market exposure eclipsed revenue forecasts. optimistic for the current quarter.

TripAdvisor Inc (NASDAQ 🙂 fell 7.7% after the hotel search website operator posted a surprise fourth-quarter loss.

Russian-backed rebels and Ukrainian forces traded accusations of firing shells across the ceasefire line in eastern Ukraine, and Kiev said the incidents looked like a ” provocation” at a time when Russia has troops massed on the border.

The news sent the CBOE Volatility Index, also known as the Wall Street Fear Gauge, higher after two days of declines.

“The markets will remain hostage to the headlines until the situation is clarified. Tensions are clearly at their boiling point and anything can happen,” said Marios Hadjikyriacos, senior investment analyst at online broker XM.

Shares of major banks fell slightly, while big growth names such as Apple Inc (NASDAQ:), Google-owner Alphabet (NASDAQ 🙂 Inc, Inc (NASDAQ:), Microsoft Corp. (NASDAQ 🙂 and Meta Platforms Inc fell between 0.1% and 0.8%.

As of 7:04 a.m. ET, were down 110 points, or 0.32%, were down 17 points, or 0.38%, and were down 73.25 points, or 0.5%.

Markets swirled this week as geopolitical tensions added to concerns about the Federal Reserve’s tightening plans this year.

Minutes from the Fed’s January meeting revealed policymakers’ intention to start raising interest rates to fight inflation, and its decisions would be made meeting by meeting.

As of 8:30 a.m. ET, weekly jobless claims data is expected to show a slight drop to 219,000 from the previous week. Data on housing starts for January are also expected.

In other income-related movements, Albemarle (NYSE 🙂 Corp fell 7.9% after the lithium producer forecast lower annual profits despite rising lithium prices.

Cisco Systems Inc (NASDAQ 🙂 gained 3.3% after the networking company raised its full-year earnings forecast and announced $15 billion in share buybacks.

DoorDash Inc jumped 24.9% after reporting upbeat quarterly revenue as demand for food delivery showed no signs of slowing, indicating that ordering habits have changed permanently.

Hasbro Inc. (NASDAQ 🙂 rose 4.0% after activist investor Alta Fox Capital Management named five directors to the toymaker’s board and demanded changes, including a spinoff from its housing games. units such as “Dungeons & Dragons”.

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