India, June 25 -- The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction after surging to start the week.
Traders may be reluctant to make significant moves following a two-day rally, which saw the major averages reach their best levels in four months.
The strong upward moves seen on Monday and Tuesday have also lifted the Nasdaq and the S&P 500 back within striking distance of their record highs.
Traders are also likely to keep an eye on development in the Middle East following yesterday's news of a ceasefire between Israel and Iran.
Stocks moved sharply higher during trading on Tuesday, extending the strong upward move seen over the course of the previous...