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US STOCKS-Futures dip after Trump ratchets up tariff threats; Fed minutes on tap
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US STOCKS-Futures dip after Trump ratchets up tariff threats; Fed minutes on tap
Feb 19, 2025 4:54 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click/ or type LIVE/ in a news window.)

*

Wix.com ( WIX ) rises after fourth-quarter profit beats estimates

*

Payments processor Shift4 to buy Global Blue ( GB ) in $2.5-bln

deal

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Futures down: Dow 0.25%, S&P 500 0.17%, Nasdaq 0.15%

(Updates with results from Wix.com ( WIX ), Shift4)

By Shashwat Chauhan and Sukriti Gupta

Feb 19 (Reuters) - U.S. stock index futures slipped on

Wednesday as investors examined President Donald Trump's latest

pronouncements on trade restrictions and awaited minutes of the

Federal Reserve's January meeting, expected to be released later

in the day.

The U.S. president said on Tuesday that he intends to impose

auto tariffs "in the neighborhood of 25%", along with similar

duties on semiconductor and pharmaceuticals imports.

Minutes of the U.S. central bank's January policy meeting -

where voting members elected to let interest rates stand and Fed

Chair Jerome Powell said there would be no rush to cut them

again until inflation and jobs data made it appropriate - are

scheduled to be released at 2 p.m. ET.

Investors will look for hints on the Fed's rate path in the

minutes in light of last week's mixed consumer and producer

prices data, coupled with a sharp drop in retail sales, which

had sent Treasury yields lower.

"Keep an eye out for further discussions on the impact of

Trump's policies and possible insights into how members have

changed their views on the timing of further rate cuts, if any,

compared to the December forecasts," Karl Steiner, head of

analysis at SEB, said in a note.

Traders currently see at least one 25-basis-point rate cut

and a 44% chance of an additional lowering by December,

according to LSEG data.

Since his inauguration in January, Trump has imposed a 10%

tariff on all imports from China, on top of existing levies. He

also announced and delayed for a month 25% tariffs on goods from

Mexico and non-energy imports from Canada.

The S&P 500 eked out an all-time closing high in the

last session, lifting tech heavyweights Microsoft ( MSFT ) and

Nvidia ( NVDA ).

At 06:47 a.m. ET, Dow E-minis were down 113 points,

or 0.25%, S&P 500 E-minis were down 10.75 points, or

0.17%, and Nasdaq 100 E-minis were down 32.5 points, or

0.15%.

Retail giant Walmart's ( WMT ) results, a bellwether for how

the American consumer is faring, are due later this week.

Arista Networks ( ANET ) dropped 4.6% despite the cloud

computing provider forecasting first-quarter revenue above Wall

Street estimates.

Bumble slid 17.8% after the dating app operator

forecast first-quarter revenue below analysts' estimates.

Specialty chemicals company Celanese lost 13.1% after

reporting a quarterly loss.

Payments processor Shift4 fell 9.9% after its

fourth-quarter results and news that the company has agreed to

buy Global Blue ( GB ) in a deal valued at $2.5 billion. Shares

of Global Blue ( GB ) rose 19.1%.

Website builder Wix.com ( WIX ) advanced 5.9% after

beating

fourth-quarter net profit expectations.

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