India, April 23 -- The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move back to the upside following the strong upward move seen in the previous session.
Traders may look to cash in on recent strength in the markets, as the rally seen during Wednesday's session more than offset the pullback seen to start the week.
The Nasdaq and the S&P 500 both surged to new record closing highs despite lingering uncertainty about the conflict in the Middle East.
A steep drop by shares of IBM Corp. (IBM) is also likely to weigh on the markets, with the tech giant plunging by 7.8 percent in pre-market trading.
The slump by IBM comes after the company reported better than expected first quar...