S&P 500 Futures pare gains as risk-aversion returns on Ukraine, China covid risks

Risk-aversion is seeping back into the market after an upbeat start to the week early Monday, as the sentiment is taking a hit on fresh signs of worry on the Ukraine crisis.

Meanwhile, the covid resurgence in China and its lockdown in the Shenzhen city of 17.5 million people are adding to the souring market mood.

more to come ....