Investors have been on edge for months about a wide variety of issues, but one of those fears came to a head Thursday morning. Russian troops attacked Ukraine overnight, shattering hopes for a diplomatic resolution and sending stock markets falling sharply. As of 8 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 771 points to 32,295. S&P 500 (SNPINDEX: ^GSPC) futures dropped 105 points to 4,117, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures sank 432 points to 13,076.
Even though the vast majority of stocks were down, South Jersey Industries (NYSE: SJI) stood out from the crowd, posting huge gains on news that it will become the latest company to go private. Meanwhile, earnings continued to come out, and disruptive insurance fintech Lemonade (NYSE: LMND) was among the many high-growth prospects this earnings season that have fallen sharply following their financial reports.
Shares of South Jersey Industries soared 47% in premarket trading Thursday. The natural gas utility and clean energy development company announced that it would go private after having received an acquisition bid from a private investment vehicle.
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These Are the 2 Premarket Movers to Watch Thursday