US stock futures climb after reports that Russia is deploying troops from Ukraine border

• S&P 500 futures tick up 1.3% 

• Nasdaq futures advance 1.87 %

• 10-year Treasury notes climb to 2.033 %

The Stock futures and treasury yield in the United States reversed early Tuesday after falling on Monday, following reports that Russia was withdrawing some troops from the Ukrainian border. 

Dow Jones Industrial Average futures increased 0.95 % on Tuesday. The S&P 500 futures ticked up 1.3%, while the Nasdaq futures advanced 1.87 %.

On the regular trading on Monday the Dow Jones Industrial Average closed down by 171.89 points or 0.5%. The S&P 500 fell by 1.2%. The Nasdaq Composite dropped by 0.9 %.

Read more: US stocks continue to slide as Russia-Ukraine tensions rise

The possibility of conflict between Ukraine and Russia has added a geopolitical aspect to investors' already dismal outlook in recent days. The United States and its allies have increased their warnings about the possibility of a Russian invasion, frightening investors concerned about the economic impact of such a conflict or the subsequent sanctions on Russia's economy, WSJ stated. 

The concerns over conflict were alleviated slightly on Tuesday, when Russia's Defense Ministry said that some troops stationed near the Ukraine border were returning to their bases after finishing training, according to Russian media.

Read more: Russia-linked crypto addresses received 74% of ransomware revenue in 2021

Bond Market 

The yield on the benchmark 10-year Treasury notes climbed to 2.033 %. Meanwhile, the benchmark 10-year rate was around 2% before reports of the withdrawal of some Russian soldiers were circulated. 

The 30-year Treasury yield ticked up to 2.331 %. Yields move in the opposite direction of prices, and one basis point equals 0.01 %.

Read more: Oil prices rocket to seven-year highs amid Russia-Ukraine stand-off

Oil Prices

Oil prices fell on fears that a conflict would reduce the supply of Russian oil to global markets that are already short of major spare supplies.

Brent crude futures, the global oil benchmark decreased 2.68 % to $93.89 a barrel. WTI Crude oil prices ticked down 2.98 % to $92.62 per barrel.

Picture Credits: Fox Business