Futures Pointing To Sharply Higher Open On Wall Street

After coming under pressure late in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.3 percent.

Traders may once again look to pick up stocks at reduced levels after bargain hunting contributed to early strength on Wednesday before the late-day pullback.