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Wall Street Futures Gain After Holiday, Global Shares Rise

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People walk by an electronic stock board of a securities firm in Tokyo, Tuesday, Feb. 22, 2022. Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. (AP Photo/Koji Sasahara)

NEW YORK (AP) — U.S. markets were poised to open sharply higher Tuesday after a U.S. market holiday gave investors an extra day to digest another dreadful week. Futures for Wall Street’s benchmark S&P 500 index were up 1.3% after being up as much as 2% as U.S. markets prepared to reopen following a three-day weekend. Futures for the Dow Jones Industrial Average jumped 1.5%.

Shares in Europe and Asia mostly rose. Oil prices climbed above $110 per barrel. Shares in Kellogg jumped more than 7% in premarket after the maker of Frosted Flakes said it will split into three companies focused on cereals, snacks and plant-based foods.

—Copyright 2022 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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