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."

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Dow Jones Industrial Average futures were down 50 points, or 59.01 points below fair value, to 17,043. S&P 500 futures were down 6.5 points, or 7.32 points below fair value, to 1,990.5. Nasdaq futures were down 11.5 points, or 10.93 points below fair value, to 4,061.3.

TheStreet's Jonathan Marino has a closer look at how global markets are faring Thursday:

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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 ( USO) to $35.12 in premarket trading and a 1.09% rise in the SPDR Gold Trust ( GLD) to $124.68.

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.

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