India, March 10 -- The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to move back to the downside after ending last Friday's highly volatile session mostly higher.

Concerns about the impact of President Donald Trump's tariff policies may continue to weigh on Wall Street amid increasing worries the U.S. is headed for a recession.

In a Fox News interview on Sunday, Trump declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China.

"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," Trump told the "Sunday Morning Futures" program.

However, overall trading activity may be somewh...