India, Aug. 3 -- US stock futures traded sharply higher early Monday after President Donald Trump announced that he had called off planned military strikes against Iran, easing concerns over a wider conflict in the Middle East. The development pushed oil prices lower and lifted investor sentiment at the start of the new trading month, although market analysts cautioned that geopolitical uncertainty remains.

Dow Jones Futures Today

Dow Jones Industrial Average futures surged 686 points, or nearly 1.3%, in early trading. The sharp rebound followed Trump's announcement that the planned military action against Iran had been canceled and that talks between Washington and Tehran would resume on Monday. The rally comes after heightened geopoli...