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.
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