India, April 30 -- Stocks are likely to come under pressure in early trading on Wednesday, giving back ground after trending higher over the past few sessions. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 0.9 percent.
Traders may look to cash in on the recent strength in the markets, which saw the S&P 500 close higher for six straight sessions and reach its best closing level in almost a month.
The futures saw further downside following the release of a Commerce Department report showing the U.S. economy unexpectedly shrank in the first quarter of 2025.
The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 perce...