Stock Market Today: Futures Pull Back as Russian Sanctions Shake Global Markets
NEW YORK (TheStreet) -- Futures were retreating from stocks' record highs set over Wednesday's session after a new round of sanctions against Russia from the Obama administration were announced. The latest sanctions were a response to the ongoing conflict along the Ukrainian border.
The latest round of sanctions are more crippling to Russia with restrictions placed on Rosneft, the largest oil company in the world, and Novatek, the second-largest gas producer in Russia.
Dow Jones Industrial Average futures slid 0.16% to 17,029, gapping from the index's record close of 17,138.2 a day earlier. The S&P 500 moved 0.35% lower to 1,967.75, while the Nasdaq dropped 0.39% to 3,907.25.
WATCH: More market update videos on TheStreet TV -- Written by Keris Alison Lahiff in New York.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV