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

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…