India, Aug. 3 -- Stocks are likely to move to the upside in early trading on Monday, extending the advance seen to close out the previous week. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent.
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.
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