India, Aug. 25 -- Following the substantial rally seen in the previous session, stocks may give back ground in early trading on Monday. 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.
Profit taking may contribute to initial weakness on Wall Street, as traders look to cash in on the strong gains posted last Friday, which lifted the Dow to a new record closing high.
The rally seen during last Friday's session came as remarks from Federal Reserve Chair Jerome Powell seemed to indicate the central bank is likely to lower interest rates next month.
Overall trading activity may be somewhat subdued, however, as traders look ahead to several key events later this week....