India, May 20 -- After recovering from an early slump to end the previous session slightly higher, stocks may move back to the downside in early trading on Tuesday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 futures down by 0.3 percent.
Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong upward move seen over the past several weeks.
The major averages have climbed well off their April lows amid easing trade concerns, with the Nasdaq and the S&P 500 reaching their best levels in almost three months.
However, JPMorgan Chase (JPM) CEO Jamie Dimon has warned stock market values may not properly represent the risks of high...