The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after ending yesterday's choppy trading session moderately higher.
Following the sharp decline seen last week, stocks may see further downside in early trading on Monday. Concerns about the outlook for interest rates may continue to weigh on Wall Street following last week's Federal Reserve meeting.
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Following the sell-off seen last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day bouncing back and forth across the unchanged line before closing in positive territory.
Stocks are seeing modest weakness in morning trading on Monday, adding to the steep losses posted last week. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 falling to their lowest intraday levels in over three months.