Wall Street Poised To Open In Negative Territory

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source on Google Add Now Renewed strikes in the Middle East by the U.S. and retaliation by Iran resulted in raising tensions over the status of the Strait of Hormuz and supply of energy vessels. These developments might influence investor sentiments on Monday. Further straining a fragile ceasefire, the U.S. launched fresh strikes against Iran. Tehran responded by attacking Gulf Arab states, including Bahrain, Kuwait, Qatar, Jordan and Oman. As slew of fed speeches are scheduled on Tuesday, including Fed Chair Kavin Warsh's testifieing before the House Financial Services Committee hearing. In the Asian trading session, oil prices traded higher. Brent crude prices were up 2.2 percent at $77.70 a barrel. Gold prices were sharply lower. Spot gold fell 1.2 percent to $4,073 an ounce. The U.S. gold futures were down 0.8 percent at $4,080.90. Early signs from the U.S. Futures Index suggest...