U.S. Stocks May Move Back To The Upside As Crude Oil Plunges

India, Nov. 2 -- Following the nosedive seen late last week, stocks are likely to move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent.

The upward momentum on Wall Street comes as traders may look to pick up stocks at relatively reduced levels following the recent sell-off.

The tech-heavy Nasdaq plunged to a three-month closing low last Friday, while the S&P 500 slumped to its lowest closing level in well over a month.

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Published by HT Digital Content Services with permission from RTT News....