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Futures up: Dow 0.32%, S&P 500 0.41%, Nasdaq 0.54%

March 11 (Reuters) - U.S. stock index futures inched up

on Tuesday following this year's biggest one-day drop for Wall

Street's main indexes in the previous session, ahead of jobs

data later in the day.

At 05:34 a.m. ET, Dow E-minis were up 134 points,

or 0.32%, S&P 500 E-minis were up 23 points, or 0.41%

and Nasdaq 100 E-minis were up 105.75 points, or 0.54%.

Futures tracking the domestically focused Russell 2000 index

rose 1%.

Megacap stocks recovered from Monday's sharp declines.

Nvidia ( NVDA ) added 1.6%, while Meta and

Amazon.com ( AMZN ) edged up 0.7% and 0.4%, respectively, before

the bell. Tesla added 4.7% after the stock fell 15.4%

in the previous session.

JPMorgan Chase ( JPM ) and Bank of America ( BAC ) were

marginally higher.

Monday's stock market selloff reflected what bonds and

currencies have been pointing at for weeks, that U.S. growth is

going to slow down.

The selloff wiped out $4 trillion from the S&P 500's peak

last month.

President Donald Trump's tariff policies against major U.S.

trading partners have whipsawed global markets recently and

damaged consumer and business sentiment. The CBOE market

volatility index closed at its highest level since

August.

The S&P 500 logged its biggest one-day fall since December

18 and has dropped 8.6% below its record closing high. The

tech-loaded Nasdaq recorded its biggest single-day percentage

drop since September 2022, having confirmed a 10% correction

late last week.

Still, stock market valuations remain significantly above

historic averages, according to LSEG Datastream.

Adding to the gloom, Citi was the latest brokerage to cut

its recommendation for U.S. stocks to "neutral" from

"overweight".

Focus will be on the Labor Department's Job Openings and

Labor Turnover Survey, which is due later in the day. A closely

watched inflation report is expected later in the week.

Interest rate futures point to the U.S. Federal Reserve

leaving borrowing costs unchanged at its meeting next week, but

they also have penciled in that the central bank could lower

borrowing costs by at least 75 basis points by December on

expectations of slowing growth.

Also on the radar will be voting on a funding bill at

Capitol Hill to avert a partial federal government shutdown.

Delta Air Lines ( DAL ) slid 11.5% after the carrier slashed

its first-quarter profit estimates by half as CEO Ed Bastian

blamed heightened U.S. economic uncertainty.

Peers United Airlines and American Airlines ( AAL )

dropped 7.8% and 6.8%, respectively.

Oracle dropped 1.8% after the cloud company missed

quarterly revenue estimates.

U.S.-listed shares of Chinese stocks Xpeng and

Alibaba rose 9.7% and 4.2%, respectively. Citi upgraded

Chinese shares to "overweight".