India, April 10 -- Stocks are likely come under pressure in early trading on Thursday, giving back ground following the historic rally seen over the course of the previous session. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 1.9 percent.
Traders may look to cash in on the spike seen in afternoon trading on Wednesday after President Donald Trump announced a 90-day pause on new "reciprocal tariffs."
Ongoing concerns about rising trade tensions between the U.S. and China may weigh on the markets, as Trump excluded the country out of the pause and even raised the tariff on Chinese goods to 125 percent.
Uncertainty about what will happen between now and the end of th...