Stocks edge higher as hopes for easing Ukraine tensions offsets Iraq

Stock futures turn slightly higher following a report that Russia is looking to dial down its conflict with Ukraine; Dow and Nasdaq +0.1%, S&P +0.2%.

Equity markets had been pressured after Pres. Obama announced humanitarian air drops and authorized military air strikes in Iraq, but the Ukraine news has offset Iraq worries; it's worth noting that eastern European leaders have warned that Russia could invade Ukraine under the pretense of "peacekeeping."

Markets trade mixed across Europe, while Asian markets were covered in red.

The upturn in stocks has pressured Treasury prices, sending the yield on the benchmark 10-year note down 2 bps at 2.39%.

Still ahead: wholesale trade.

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