Wall St set for mixed open amid Russia oil ban concerns – Reuters.com

Wall St set for mixed open amid Russia oil ban concerns – Reuters.com

March 8 (Reuters) - U.S. stock index futures stabilized on Tuesday, after a steep sell-off on Wall Street in the previous session as investors assessed the impact of a spike in oil prices and Western sanctions on Russia over its invasion of Ukraine.

The Nasdaq on Monday ended down 20.1% from its Nov. 19 record high close, confirming the tech-heavy index has been in a bear market since hitting that record high, according to a widely used definition.

The Dow (.DJI) confirmed it was in a correction from its Jan. 4 all-time closing peak. A correction is confirmed when an index closes 10% or more below its record closing level.