Stocks moved to the downside at the start of trading on Tuesday but have shown a notable rebound since then. The major averages have bounced well off their lows for the young session and are now lingering near the unchanged line.
Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points.
Early indications suggest that Wall Street stocks may open lower on Tuesday as traders nervously await the FOMC decision due on Wednesday. The central bank's monetary policy committee meets later in the day for a 2-day meeting amid signals of strengthening economic recovery. Meanwhile, global cues are negative, with Asian stocks closing lower, while the European markets are also seeing weakness.