Futures Pointing To Initial Sell-Off On Wall Street

Stocks are likely to come under pressure in early trading on Friday, giving back ground after ending the previous session mostly higher. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.2 percent.

Profit taking may contribute to initial weakness on Wall Street following recent strength in the markets, which lifted the Nasdaq and S&P 500 to record highs.