India, Nov. 2 -- The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the nosedive seen late last week.
The upward momentum on Wall Street comes as traders may look to pick up stocks at relatively reduced levels following the recent sell-off.
The tech-heavy Nasdaq plunged to a three-month closing low last Friday, while the S&P 500 slumped to its lowest closing level in well over a month.
A sharp pullback by the price of crude oil may also generate early buying interest, with U.S. crude oil futures plummeting back below $100 a barrel.
The steep drop in the price of crude oil comes amid renewed optimism about a potential diplomatic solution to the ongoing conflict in...