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NEW YORK (CNNMoney)
U.S. stock futures were pointing to a higher open Tuesday morning as global stocks recovered.
Investors are closely watching developments in Ukraine as they worry that further escalating tensions and military action could wreak havoc on commodities, stocks and currencies.
But experts say the political turmoil won't derail the bull market.
The latest reading from the CNNMoney Fear & Greed index shows investors are in 'neutral' mode.
Related: Fear & Greed Index
On the economic front, President Obama will release his fiscal year 2015 budget proposal Tuesday. The budget will include a handful of proposals to help low- and middle-income families.
In corporate news, Radio Shack (RSH) will report earnings before the bell and gun maker Smith & Wesson (SWHC) will report after the close.
Related: Global stocks rebound but Ukraine fears remain
Stocks around the world closed lower Monday as tensions increased between Russia and Ukraine. The Dow Jones industrial average ended with a 154 point loss, or nearly 1%. The S&P 500 and Nasdaq both fell about 0.7%.
Related: CNNMoney's Tech30
Global stock markets were regaining lost ground Tuesday.
Russia's main stock market index surged by over 4% after suffering a sharp 11% fall in the previous trading session.
Europe's main markets were also popping up in early trading, rising by roughly 1%.
In Asia, most stocks closed with gains -- Hong Kong's Hang Seng index rose 0.7% and Japan's Nikkei added 0.5%. China's benchmark Shanghai Composite moved the other way, sliding 0.2%. 
First Published: March 4, 2014: 5:41 AM ET
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