Stock Futures Fall and Oil Leaps as Ukraine Crisis Deepens

Stock futures fell, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia.

Futures for the S&P 500 index dropped 1.4%, while futures for the tech-heavy Nasdaq-100 declined 1.3%, suggesting U.S. equities were likely to come under pressure in Monday’s trading session. The Cboe Volatility Index rose to the highest level in over a year.