India, June 16 -- In hopes that the Strait of Hormuz will reopen, U.S. stock futures edged higher on Tuesday. Early indications suggest Wall Street could open in positive territory.
Brent crude futures fell below $83 a barrel, gold traded higher at $4,328 an ounce, while the dollar remained near 10-day lows.
As of 8.00 am ET, the Dow futures were gaining 44.00 points, the S&P 500 futures were adding 6.25 points and the Nasdaq 100 futures were up 79.25 points.
The U.S. major averages finished strong gains on Monday. The Nasdaq surged 795.10 points or 3.1 percent to 26,683.94, the S&P 500 jumped 122.83 points or 1.7 percent to 7,554.29 and the Dow advanced 468.77 points or 0.9 percent to 51,671.03.
On the economic front, the Housing Start...