India, July 14 -- Following the pullback seen during last Friday's session, stocks may see further downside in early trading on Monday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 down by 0.2 percent.
Ongoing concerns about President Donald Trump's trade war may weigh on markets after he sent letters to leaders of the European Union and Mexico threatening to impose 30 percent tariffs beginning August 1st.
Trump claimed in a post on Truth Social early this morning that the U.S. has been "ripen off" on trade for decades, costing the country trillions of dollars.
"Countries should sit back and say, 'Thank you for the many year's long free ride, but we know you now have to do what...