India, Aug. 3 -- The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the upward move seen to close out the previous week.
The upward momentum on Wall Street comes as crude oil prices are plummeting amid renewed optimism about an end to the conflict in the Middle East.
U.S. crude oil futures are plunging by nearly 7 percent after President Donald Trump said in a post on Truth Social that he had canceled a planned attack on Iran.
"We have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to," Trump said. "This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to ...