Futures Pointing To Initial Strength On Wall Street

Following the lackluster performance seen last Friday, stocks may show a strong move to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.9 percent.

Technology stocks may lead an early advance on Wall Street, as reflected by the 1.2 percent jump by the tech-heavy Nasdaq 100 futures.

Traders may look to pick up tech stocks at reduced levels following last week’s slump, which saw the Nasdaq plunge by more than 4 percent.