India, March 24 -- The major U.S. index futures are currently pointing to a sharply higher open on Monday, with stocks likely to see further upside after recovering from an early sell-off to end last Friday's trading modestly higher.
Early buying interest is likely to be generated in reaction to reports President Donald Trump plans to hold back some of the reciprocal tariffs set to take effect on April 2nd.
A report from the Wall Street Journal said Trump is narrowing his approach to the tariffs, likely omitting a set of industry-specific tariffs.
Bloomberg also said Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, citing aides and allies.
Overall trading activity may be somew...