The S&P 500 flirts with a record as U.S. stock-market investors return from a three-day weekend, awaiting minutes from the Federal Reserve's January meeting and data due later this week.

U.S. equity futures edged modestly lower Wednesday, while Treasury yields and the dollar moved higher, as investors paused a record-setting rally on Wall Street amid renewed tariff and inflation concerns.

Major U.S. averages slipped Tuesday afternoon, as investors kicked off the holiday-shortened trading week with attention on geopolitics, and an eye on the market circling record highs. The benchmark S&P 500 (SP500) shed -0.