With fears of a Russian invasion of Ukraine becoming a reality, stocks are likely to extend their recent sell-off in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 815 points.
The steep drop by the futures comes after Russian Vladimir Putin declared war on neighboring Ukraine late Wednesday night, officially calling the move a "special military operation."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.