Stock market news live updates: Stock futures dip after Dow hits correction, Nasdaq enters bear market

Stock market news live updates: Stock futures dip after Dow hits correction, Nasdaq enters bear market

U.S. equity futures ticked lower in post-market trading Monday after a sell-off in the earlier session that saw the Dow Jones Industrial Average fall into correction territory and the Nasdaq enter a bear market. Investors continued to jettison stocks and stockpile safe-haven assets as concerns over the economic consequences of Russia’s war in Ukraine intensified.

Futures tied to Wall Street’s main benchmarks dipped slightly heading into overnight trading. Contracts on the Dow, S&P 500 and Nasdaq were each down about 0.3% Monday evening.

Energy prices spiked over the weekend and into Monday amid talks Western nations may add an import ban on Russian crude oil to their growing list of financial penalties against Moscow. Reuters reported the U.S. may follow through on an embargo without the participation of allies in Europe after President Joe Biden held a conference call with the leaders of France, Germany and the United Kingdom Monday seeking their support for a Russian oil ban.