India, July 30 -- Following the sell-off seen late in the previous session, stocks are likely to move back to the upside in early trading on Thursday. 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.
Technology stocks may help lead an early rebound on Wall Street, as reflected by the 1.6 percent jump by the tech-heavy Nasdaq 100 futures.
Bargain hunting may contribute to initial strength among tech stocks after the Nasdaq plunged to a three-month closing low on Wednesday. The Dow and the S&P 500 also ended the session at their lowest closing levels in well over a month.
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