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U.S. Futures Point North as Tensions in North Korea Subside, Hurricane Irma Weakens

U.S. stock futures rallied on Monday, tracking similar gains in Asian markets over easing tensions in the Korean peninsula, and with Hurricane Irma making a landfall in Florida weaker than anticipated.

Oil prices were mixed with global benchmark Brent Crude down 0.41% recently, while U.S. benchmark West Texas Intermediate was up 0.51% amid rumors about possible extension of OPEC's output cut deal.

There are no economic data due for release.

In equities, shares of Teva Pharmaceutical ( TEVA ) were 11% higher pre-bell after the company named Kare Schultz as CEO.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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