India, Aug. 18 -- Stocks are likely to move to the downside in early trading on Tuesday, extending the pullback seen over the two previous sessions. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent.
Weakness among technology stocks is likely to weigh on Wall Street, as reflected by the 1.3 percent slump by the tech-heavy Nasdaq 100 futures.
Tech stocks may come under pressure amid an increase in treasury yields, which has lifted the 30-year bond yield to its highest levels in nearly two decades.
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