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Reports suggest that President Donald Trump might not be accepting the latest proposal from Iran to open the Strait of Hormuz. Energy supply continues to be in threat. <\/p>\n
Early trends from the U.S. Futures Index suggest that Wall Street might open mostly lower on Tuesday. <\/p>\n
In the Asian trading session, oil prices pushed higher. Brent prices rose nearly 3 percent to consolidate above $111 a barrel. WTI crude futures were up 3.2 percent. <\/p>\n
Gold prices fell sharply toward $4,600 an ounce. Spot gold tumbled 1.5 percent to $4,612.48 an ounce. The U.S. gold futures were down 1.5 percent at $4,625.86. <\/p>\n
As of 7.50 am ET, the Dow futures were up 78.00 points, the S&P 500 futures were sliding 48.25 points and the Nasdaq 100 futures were falling 354.00 points.<\/p>\n
The U.S. major averages finished mostly up on Monday. The Nasdaq rose 50.50 points or 0.2 percent to 24,887.10 and the S&P 500 inched up 8.83 points or 0.1 percent to 7,173.91, the Dow edged down 62.92 points or 0.1 percent to 49,167.79.<\/p>\n
On the economic front, the Case-Shiller Home Price Index for February will be issued at 9.00 am ET. In the prior month, the 20-City adjusted Index was up 0.2 percent. <\/p>\n
The Federal Housing Finance Agency House Price Index or HPI for February will be released at 9.00 am ET. In the prior month the Index was up 0.1 percent. <\/p>\n
Richmond Fed Manufacturing Index for April will be published at 10.00 am ET. IN the prior month, the index was 0.00. <\/p>\n
Two-year Floating Rate Note or FRN Note Auction will be held at 11.30 am ET. <\/p>\n
Seven-year Treasury Note auction will be held at 1.00 pm ET. <\/p>\n
The Fed Money Supply for March is scheduled at 1.00 pm ET. In the prior month, the M2 Level was $22,667.3 billion. <\/p>\n
Asian stocks ended mostly lower on Tuesday. China’s Shanghai Composite index slipped 0.19 percent to 4,078.64. Hong Kong’s Hang Seng index dipped 0.95 percent to 25,679.78.<\/p>\n
Japanese markets<\/span> retreated. The Nikkei average fell 1.02 percent to 59,917.46 while the broader Topix index closed up 0.99 percent at 3,772.19.<\/p>\n Australian markets fell notably. The benchmark S&P\/ASX 200 dropped 0.64 percent to 8,710.70. The broader All Ordinaries index settled 0.62 percent lower at 8,935. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n