India, May 21 -- The major U.S. Index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the rally seen in the previous session.
The downward momentum on Wall Street comes amid a sharp increase in the price of crude oil and a subsequent rebound in treasury yields.
U.S. crude oil futures have surged by more than 2 percent and jumped back above $100 a barrel as traders await developments on a U.S.-Iran peace deal.
Yields are also moving back to the upside after plummeting on Wednesday, although the yield on the benchmark ten-year note remains well off Tuesday's one-year highs.
A negative reaction to earnings news from Nvidia (NVDA) may also weigh on Wall Street, with the AI leader ...