U.S. Stocks May Give Back Ground Following Yesterday’s Rally

Following the substantial rally seen in the previous session, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent.

Traders may look to cash in on Wednesday’s strong gains amid concerns about the fragility of the ceasefire in the Middle East, with Iran accusing the U.S. and Israel of violating the agreement.