Stock market today: Wall Street poised to open with losses as anxiety over looming trade war returns

News Snapshot:

Anxiety returned to Wall Street on Thursday with markets poised to give back much of the previous day's gains, which were spurred by President Donald Trump’s one-month exemption for U.S. automakers on his 25% tariffs for Mexican and Canadian imports. Futures for the S&P 500 were down 1.1% and futures for the Dow Jones Industrial Average were 0.9% lower. Nasdaq futures slid 1.3%. Macy's was the latest retailer to issue a weak forecast, sending its stock down in premarket even after it posted strong fourth-quarter profit that beat expectations. Its shares tumbled more than 3% before markets opened Thursday. It...