Following the nosedive seen in the previous session, stocks are likely to show a strong move back to the upside in early trading on Monday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 2.0 percent.
Traders may look to pick up stocks at reduced levels following the recent slump, which dragged the Nasdaq and the S&P 500 down to their lowest closing levels in over six months.
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