India, May 30 -- Stocks are likely to move to the downside in early trading on Friday, giving back ground after ending yesterday's choppy session moderately higher. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent.
The futures came under pressure after President Donald Trump accused China of violating the trade agreement reached earlier this month.
Trump said in a post on Truth Social that "everything quickly stabilized and China got back to business as usual" following the trade deal.
"Everybody was happy! That is the good news!!!" Trump said. "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for b...