Stocks are likely to move to the downside in early trading on Monday, adding to the steep losses posted last week. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.0 percent.
The downward momentum on Wall Street comes amid an extended surge by the price of crude oil, which has skyrocketed above $100 a barrel for the first time since 2022.
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