RUSL - Stock futures rebound on diplomacy hopes in Ukraine crisis

Stocks took another dive on Thursday after President Biden warned that the possibility of Russia invading Ukraine was "very high." The S&P 500 ended the session down 2% as a a risk-off tone spread across assets, while traditional safe-haven gold got a bid, topping $1,900 an ounce. Meanwhile, the VanEck Russia ETF (BATS:RSX), which tracks companies tied to the country, slumped around 5% on Thursday, as pro-Russia rebels and the Ukrainian army traded accusations of shelling in the eastern Donbas region. Will they or won't they? Officials in Moscow continue to deny a coming  invasion, even calling it "hysteria," but want security assurances that NATO will pull back its presence in eastern Europe or never allow Ukraine to join the military alliance. Ukraine has repeatedly insisted it won't give up those aspirations, and recent discussions have centered around other security issues like missile restrictions and measures to build confidence. U.S.

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Stock futures rebound on diplomacy hopes in Ukraine crisis