What to watch today: Futures reverse earlier losses as fighting in Ukraine is assessed

What to watch today: Futures reverse earlier losses as fighting in Ukraine is assessed

BY THE NUMBERS , erasing losses earlier in the session. Investors continued to assess the risks stemming from Russia's invasion of Ukraine. Wall Street was also focusing on a hotter before-the-bell release of the 's favorite inflation indicator. The dipped below 2% after the data. (CNBC) While still down for the week, the led an incredible comeback Thursday that also saw the and the end higher. The Nasdaq from a 3.45% loss, which briefly sent the tech-heavy index into bear market territory, to close up 3.3%. All three stock benchmarks spent most of the session sharply lower but turned around not long after after President shortly before 2 p.m. ET announced wider sanctions against Russia. (CNBC) * (CNBC) The core personal consumption expenditures price index, a closely watched inflation gauge at the Fed, year over year in January, slightly hotter than estimates and the biggest annual gain since 1983. Central bankers are in a tough spot as they weigh the possible harmful economic effects of energy-rich Russia's move into Ukraine against the risk of even higher inflation due to rising oil and natural gas prices. (CNBC) IN THE NEWS TODAY its invasion of Ukraine toward the capital on Friday. The