India, May 6 -- Investor sentiment is trending positive after U.S. President Donald Trump, in a social media post, said that U.S. is pausing its operations in the Middle East for a short period of time to guide stranded ships through the Strait of Hormuz. However, U.S. will continue with blockade of Iran's ports.
Oil prices are falling sharply. Brent crude oil is below $100 a barrel.
Initial signs from the U.S. Futures Index suggest that Wall Street might open significantly higher.
As of 7.40 am ET, the Dow futures were up 528.00 points, the S&P 500 futures were adding 69.75 points and the Nasdaq 100 futures were progressing 456.75 points.
The U.S. major averages remained firmly positive at the close on Tuesday. The Nasdaq jumped 258.32...