India, July 13 -- Stocks may move to the downside in early trading on Monday, giving back ground after turning in a strong performance last week. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.4 percent.
The downward momentum on Wall Street comes as the price of crude oil surges amid the continued exchange of attacks between the U.S. and Iran.
U.S. Central Command said it completed a new wave of offensive strikes against Iran on Sunday, hitting dozens of targets at multiple locations with precision munitions.
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