Wall Street Targets To Bounce Back To Positive Territory

(RTTNews) - Oil prices soared to above $116 a barrel on Friday, after President Trump revealed his plans to seize Iran's Kharg Island that handles 90 percent of Iran's oil export. Iran has been threatening of rain fire on U.S. tropps, if there is a ground attack. Rising energy risks and escalating Middle East tensions are rattling investor sentiments. In the Asian trading hours, gold reversed earlier losses to trade above $4,500 an ounce. Spot gold was up 0.8 percent at $4,531 an ounce. Initial trends on the U.S. Futures Index suggest that Wall Street might open moderately up. As of 7.35 am ET, the Dow futures were gaining 287.00 points, the S&P 500 futures were up 38.00 points and the Nasdaq 100 futures were progressing 130.00 points. The U.S.