India, May 6 -- The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the upward move seen over the course of the previous session.
Optimism about an end to the conflict in the Middle East is likely to generate early buying interest following an upbeat report from Axios.
Citing two U.S. officials and two other sources briefed on the issue, Axios said the White House believes it's getting close to an agreement with Iran on a one-page memorandum of understanding to end the war.
Axios said the deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictio...