Uncertainty About U.S.-Iran Peace Talks May Weigh On Wall Street

Following the strength seen in the previous session, stocks are likely to move back to the downside in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1 percent.

Continued volatility in the oil markets is likely to weigh on Wall Street, as international benchmark Brent crude futures are surging by more than 5 percent after tumbling by more than 2 percent during Wednesday’s trading.