India, Feb. 10 -- Stocks are likely to move back to the upside in early trading on Monday, regaining ground following the steep drop seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent.
Traders may look to pick up stocks at somewhat reduced levels following the sharp pullback seen last Friday, which came amid concerns about a surge by inflation expectations and new tariff threats from President Donald Trump.
The upward momentum on Wall Street comes even though Trump has threatened to impose a 25 percent tariff on all steel and aluminum imports into the U.S.
The latest tariff threat comes after Trump said last Friday he plans to announce ...