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US STOCKS-Futures slip as markets await tariff details
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US STOCKS-Futures slip as markets await tariff details
Feb 14, 2025 5:10 AM

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

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

*

Airbnb ( ABNB ) rises after upbeat quarterly results

*

Moderna ( MRNA ) falls after posting bigger loss than expected

*

January retail sales data due at 8:30 a.m. ET

*

Futures down: Dow 0.31%, S&P 500 0.22%, Nasdaq 0.31%

(Updates with Moderna ( MRNA ) results)

By Shashwat Chauhan and Sukriti Gupta

Feb 14 (Reuters) - U.S. stock index futures dipped on

Friday, as investors awaited more clarity on U.S. President

Donald Trump's reciprocal tariff plans following robust gains in

the last sessions, with all three benchmarks set for strong

weekly gains.

Trump tasked his economics team on Thursday with devising

plans for reciprocal tariffs on every country taxing U.S.

imports, though the directive stopped short of imposing fresh

tariffs.

"The reaction to the reciprocal tariffs overnight was muted

and suggests that investors have moved on, at least temporarily,

from trade until the next set of data surprises on inflation or

economic confidence," analysts at Societe Generale said in a

note.

Howard Lutnick, Trump's pick for commerce secretary, said

the administration would address each affected country one by

one and said studies on the issue would be completed by April 1.

Imposition of tariffs on steel and aluminum imports, a

bigger-than-expected rise in January's consumer prices and

hawkish comments from Federal Reserve Chair Jerome Powell added

to market volatility this week, with uncertainty likely to

persist.

However, all three major indexes are set for robust

weekly gains, with the S&P 500 currently sitting about

0.2% away from its all-time highest level hit three weeks ago.

Wall Street's main indexes ended higher in the last session,

as gains in Nvidia ( NVDA ), Apple ( AAPL ) and Tesla

boosted the S&P 500 more than 1% higher.

Stocks also got a boost after data showed U.S. producer

prices increased in January, while key elements in the core

Personal Consumption Expenditures (PCE) index, a measure closely

tracked by the U.S. Federal Reserve, were benign or lower.

Traders are fully pricing in at least one 25-basis-point

interest rate cut by the end of the year, with an over 33%

chance of an additional such reduction, as per data complied by

LSEG.

At 6:53 a.m. ET, Dow E-minis were down 138

points, or 0.31%, S&P 500 E-minis were down 13.5 points,

or 0.22%, and Nasdaq 100 E-minis were down 68 points, or

0.31%.

On Friday, the January retail sales figure - a crucial

metric in gauging the state of the consumer - will be released

at 8:30 a.m. ET.

Comments from Dallas Fed President Lorie Logan would also be

awaited later in the day.

Fourth-quarter earnings are estimated to grow 15.2%,

compared to 11.6% growth projected at the start of the month,

according to data compiled by LSEG.

Tesla led gains amongst megacap and growth stocks in

premarket trading, adding 1.3% after hitting an 11-week low

earlier this week.

Airbnb ( ABNB ) jumped 13.3% after the vacation home rentals

company posted higher quarterly revenue.

DaVita ( DVA ) dropped 7.9% after the dialysis firm

projected annual profit below estimates. Warren Buffett's

Berkshire Hathaway ( BRK/A ) also sold some of its shares in the

company.

Applied Materials ( AMAT ) shed 5.5% as the chipmaking

equipment maker forecast second-quarter revenue below estimates.

Moderna ( MRNA ) fell 3.8% after the vaccine maker reported

a bigger-than-expected quarterly loss.

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