India, June 22 -- Following the long holiday weekend, stocks may move to the upside in early trading on Monday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.1 percent.

A slump by the price of crude oil may contribute to early strength on Wall Street amid reports of progress in talks between the U.S. and Iran in Switzerland.

Vice President JD Vance told reporters the talks have made "great progress" despite a "little bit of threatening" and a "little bit of whining."

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