Stock futures fell sharply Thursday night after President Barack Obama announced he had authorized limited airstrikes against Islamic militants in Iraq.
The S&P 500 futures dropped 15 points, or 0.80 percent
Friday morning's news by RIA Novosti that Russia is seeking to de-escalate in the Ukrainian stand-off has sent stock futures soaring. The S&P 500 futures have now recovered all the overnight losses and are trading higher seven points, or 0.36 percent.
The overnight low on the S&P future was 1890.25, and the high this morning so far is 1913.75. The trading range has been 23.25 points, or 1.23 percent, marking a very volatile session so far.
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