* Russian stock market plunges 14 percent
* Gold stocks rise, tracking the metal's price move
* Futures down: Dow 150 pts, S&P 20 pts, Nasdaq 40 pts
NEW YORK, March 3 U.S. stock index futures
tumbled on Monday, alongside other risk assets, as Ukraine and
Russia mobilized for war with Russian President Vladimir Putin
declaring he had the right to invade his neighbor.
* Ukraine's Prime Minister Arseny Yatseniuk said Putin had
effectively declared war on his country. Yatseniuk leads a
pro-Western government that took power when former president
Viktor Yanukovich, a Russian ally, fled on Feb. 21 after three
months of street protests against his rule. The United States
threatened to isolate Russia economically after Putin's
* The S&P 500 closed at a record high on Friday, and profit
taking was expected on Wall Street due to the political
* Russian stocks and bonds fell sharply and the central bank
hiked interest rates to prop up the ruble. The
dollar-denominated RTS stock index tumbled 14 percent.
* S&P 500 e-mini futures fell 20 points and were
below fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration on
the contract. Dow Jones industrial average futures fell
150 points and Nasdaq 100 futures lost 40 points.
* Front-month futures on the CBOE Volatility Index
ticked above the futures two months ahead, indicating
market participants were more concerned about the short term
reaction to the tension in Ukraine than its implications down
* Gold prices hit a four month high as investors
sought safe-haven assets, boosting gold stocks.
U.S.-traded AngloGold Ashanti shares gained 5.1 percent
in premarket trading.
* Though the focus will likely stay on Ukraine, the economic
calendar is full on Monday. Inflation and consumption data is
due at 8:30 a.m. EST (1330 GMT), while construction spending in
January and the manufacturing ISM for February are expected at
10:00 a.m. (1500 GMT). Markit's final gauge of manufacturing for
February is out at 8:58 a.m. (1358 GMT)