Stock futures are flat after Dow suffers its worst day of the year

Stock futures were little changed in overnight trading after the worst day of the year for the stock market.

The blue-chip index was up by 30 points. The S&P 500 futures and the Nasdaq 100 futures were both up.

On Wednesday, Wall Street suffered a steep sell-off, with the Dow falling more than 600 points for its biggest daily drop since the end of November. The S&P 500 dropped 2% to break a two-day winning streak.

The investors were on edge about the tensions between Russia and Ukraine. Pro-Russian rebels attacked a village near the border. The Secretary of State was headed to the UN to make an appeal against an invasion.

Peter Essele, head of portfolio management, said that a further escalation of tensions in the near term could roil markets due to the potential impact on a tenuous global supply chain, particularly as the Fed prepares for its first-rate hike in years.

The outlook for Federal Reserve policy has caused investors to wrestle with it. St. Louis Fe President James Bullard warned that inflation could get out of control without rate hikes.

Major averages are on track for a negative week. The S&P 500 has fallen 0.9% this week, while the index has fallen 1%.

Wall Street is jittery as it looks to the left and sees the potential for aggressive Fed tightening, and then it looks to the right and sees the potential for the Ukraine situation to get worse.

The video-streaming company reported a revenue miss and issued a weaker-than- expected guidance.