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Constellation Brands ( STZ ) jumps after Berkshire discloses stake

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Intel ( INTC ) up after report Broadcom ( AVGO ), TSMC eye deals to split it

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Futures up: Dow 0.11%, S&P 500 0.31%, Nasdaq 0.34%

(Updates prices throughout)

By Shashwat Chauhan and Sukriti Gupta

Feb 18 (Reuters) -

U.S. stock index futures rose on Tuesday as investors

watched for potential developments on the tariffs front as well

as insights into the central bank's interest-rate plans

following last week's drop in Treasury yields.

Minutes from the U.S. Federal Reserve's January meeting,

where it held interest rates unchanged between 4.25% and 4.5%,

are due on Wednesday.

Fed Governor Christopher Waller said on Monday, when the

U.S. markets were closed for the Presidents' Day holiday, that

his "baseline" view was that U.S. President Donald Trump's new

tariffs would have only a modest impact on prices.

Philadelphia Fed President Patrick Harker said he saw no

reason for an imminent change in interest-rate policy.

Hawkish commentary from Fed Chair Jerome Powell in his

semi-annual testimony to Congress, along with consumer prices

and producer prices data last week, led to uncertainty over the

Fed's rate-cut plans this year.

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

and a 56% chance of an additional cut by December, according to

LSEG data.

"Considering the Fed still views its monetary policy as

restrictive - implying rate cuts will be needed at some point -

we continue to expect easing in the second half of 2025 as

inflation moderates over time," Mark Haefele, chief investment

officer at UBS Global Wealth Management, said in a note.

Friday's weaker-than-expected retail sales reading pulled

Treasury yields lower, likely keeping the U.S. central bank on

track to cut borrowing costs this year.

Wall Street's main stock indexes clocked weekly gains in the

midst of a choppy period for global markets last week, as

Trump's imposition of tariffs on steel and aluminum imports,

along with plans for reciprocal tariffs, sparked volatility.

Meanwhile, global risk-taking was boosted by speculations of

a peace deal between Russia and Ukraine as Russian and U.S.

officials met for bilateral talks in Saudi Arabia on Tuesday.

At 06:48 a.m. ET, Dow E-minis were up 49 points, or

0.11%, S&P 500 E-minis were up 18.75 points, or 0.31%,

and Nasdaq 100 E-minis were up 74.75 points, or 0.34%.

Earnings season will begin to thin out this week, with more

than 380 of the S&P 500 companies already having reported

quarterly results.

Retail giant Walmart's ( WMT ) earnings, a bellwether to

gauge how the American consumer is faring, are due later this

week.

Most megacap and growth stocks ticked up in premarket

trading, with Tesla outpacing the pack with a 0.9%

advance.

Intel ( INTC ) rose 6.1% after a report over the weekend

said rivals Taiwan Semiconductor Manufacturing Co ( TSM ) and

Broadcom ( AVGO ) was each eyeing potential deals that could

break the chipmaking icon in two.

Constellation Brands ( STZ ) jumped 8.4% after Warren

Buffett's Berkshire Hathaway ( BRK/A ) disclosed a new investment

in the producer of alcoholic beverages on Friday.

Shares of telehealth firm Hims & Hers Health ( HIMS ) fell

2% after brokerage Morgan Stanley cut the stock to

"equal-weight" from "overweight".