India, Feb. 19 -- The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday's choppy trading session slightly higher.
Profit taking may contribute to an initial pullback on Wall Street after yesterday's slim gains lifted the S&P 500 to a new record closing high.
Lingering concerns about a global trade war may also weigh on the markets after President Donald Trump said he plans to impose tariffs on U.S. imports of automobiles, pharmaceuticals and semiconductors.
Trump said the 25 percent tariffs could be imposed as early as April 2nd and warned the duties could "go substantially higher over a course of a year."
However, overall trading...