Dow Jones Futures Rise As Biden-Putin Summit News Eases Ukraine Invasion Fears

Dow Jones futures turned higher Sunday night, erasing big losses along with S&P 500 futures and Nasdaq futures, as the White House said President Joe Biden has agreed "in principle" to a summit with Russian President Vladimir Putin, easing fears of a Ukraine invasion, for now.

The stock market rally suffered significant damage last week, with the major indexes below key support and starting to move toward their Jan. 24 lows. Ukraine invasion fears are weighing heavily on the market rally, which is already dealing with inflation and other big headwinds. Uncertainty over what Putin will do adds significantly to the volatility.$S&P 500 Index(.SPX.US)$$Nasdaq Composite Index(.IXIC.US)$$Invesco QQQ Trust(QQQ.US)$$SPDR S&P 500 ETF(SPY.US)$