US pre-open: Futures in the red as Russia marches on Kyiv

Wall Street futures were in the red ahead of the bell on Friday after major indices staged a sharp reversal in the previous session following Russia's invasion of Ukraine.

As of 1245 GMT, Dow Jones futures were down 0.35%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.32% and 0.23% lower, respectively.

The Dow closed 92.07 points higher on Thursday as market participants continued to assess risks stemming from Moscow's decision to enter Ukrainian territory.

However, futures headed south again after news broke that Russia was closing in on the Ukrainian capital of Kyiv, which was said to have been hit by "horrific Russian rocket strikes, according to Ukrainian Foreign Minister Dmytro Kuleba. US Secretary of State Antony Blinken warned only a day earlier that Kyiv "could well be under siege" soon.

Joe Biden has already imposed a number of new sanctions against Russia as part of an effort to isolate Moscow from the global economy, with the White House also authorising additional troops to be stationed in Germany as NATO and its allies attempt to bolster defences across Europe.

Natural gas futures were 2.3% lower at $4.53 on the news, while oil edged lower, with Brent crude dipping to $98.83 after topping $100 a day earlier and the yield on the benchmark 10-year Treasury note rose 1.4 basis points 1.986%.

On the macro front, January's PCE index and durable goods orders will be published at 1330 GMT, while last month's pending home sales and a final reading of the University of Michigan's February consumer sentiment index will follow at 1500 GMT.

In the corporate space, Foot Locker and MoneyGram will both report earnings prior to the open.