Profit Taking May Contribute To Initial Pullback On Wall Street

Following the upward move seen over the past several sessions, stocks may give back ground in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.4 percent.

Profit taking may contribute to initial weakness on Wall Street following the recent strength, which has lifted the Nasdaq and S&P 500 to new record highs.