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U.S. Stocks: Futures turn higher on hopes of easing Ukraine tensions. Dow futures had been down 60 points early
LONDON (MarketWatch) — Wall Street was fighting for a higher open Friday, with U.S. stock futures reversing course and gaining following a report that Russia is looking to dial down its conflict with Ukraine.

Futures for the Dow Jones Industrial Average (CBE:DJU4) moved up 15 points, or 0.1%, to 16,337. after having been down by more than 60 points earlier in premarket trade. Futures for the S&P 500 index (GLC:SPU4) rose 3.5 points, or 0.2%, to 1,908.70, and those for the Nasdaq 100 index (GLC:NDU4) tacked on 6.3 points, or 0.2%, to 3,863.

Stocks appeared to get a boost after Russian news agency RIA said Russia is seeking to de-escalate tensions with Ukraine. Russia and the West have been tussling over the Kremlin’s support of separatist forces in Ukraine, leading to sanctions against Russian entities. Russian President Vladimir Putin on Thursday hit back on sanctions against countries that placed restrictions on his country.

But geopolitical tensions still loom as investors await details from the Kremlin. Separately, U.S. President Barack Obama on Thursday authorized targeted airstrikes and emergency-assistance missions in northern Iraq. Obama said the U.S. must protect American personnel and prevent a humanitarian catastrophe against violent Islamist forces.

“It all points towards a quick retreat out of the safe havens that traders flocked to overnight, but it’s worth remembering that this is August, volumes are going to be a bit depressed and this could well be exaggerating the volatility,” said João Monteiro, analyst at Valutrades, in emailed comments. http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08