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JOLTS data expected at 10 a.m. ET

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Delta Air Lines ( DAL ) lowers first-quarter forecast, shares fall

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Kohl's slides on bleak annual sales forecast

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Futures up: Dow 0.15%, S&P 500 0.15%, Nasdaq 0.15%

(Updates with analyst comment)

By Johann M Cherian and Pranav Kashyap

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

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

Wall Street's main indexes in the previous session, while

disappointing forecasts from Kohl's and Delta stoked worries

about a slowing economy.

On Monday, the S&P 500 recorded its steepest one-day decline

since December 18 on fears the Trump administration's tariff

policies could spark a debilitating trade war.

The tech-heavy Nasdaq also experienced its largest

percentage drop since September 2022, having already confirmed a

10% correction late last week.

The selloff erased $4 trillion from the S&P 500's peak just

last month.

Reflecting slowing consumer demand, Kohl's forecast

a bigger-than-expected drop in annual comparable sales, sending

the retailer's shares down 15.3%.

Delta Air Lines ( DAL ) slid 8.2% 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 5.6% and 3.9%, respectively.

"The American narrative is fading. Trump's disruptive trade

policies are hitting home, sparking fears of inflation and

dampening sentiment on Wall Street," said Nikos Tzabouras,

market analyst at Tradu.

"These two to three months will remain challenging for U.S.

markets and we could see even deeper losses from here."

At 07:09 a.m. ET, Dow E-minis were up 61 points, or

0.15%, S&P 500 E-minis were up 8.5 points, or 0.15%, and

Nasdaq 100 E-minis were up 29.5 points, or 0.15%.

Futures tracking the domestically focused Russell 2000 index

rose 1%.

The CBOE market volatility index dipped slightly

after closing at its highest level since August.

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.

Adding to the dour mood, Citi became the latest brokerage to

revise its stance on U.S. stocks, downgrading its recommendation

from "overweight" to "neutral."

Focus will also be on voting related to a funding bill at

Capitol Hill to avert a partial federal government shutdown.

Megacap stocks Meta and Amazon.com ( AMZN ) edged

up 0.2% and 0.1%, respectively, before the bell. Tesla

added 1.7% after the stock fell 15.4% in the previous session.

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

marginally higher.

Oracle dropped 1.3% after the cloud company missed

quarterly revenue estimates.

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

Alibaba rose 9.4% and 3.6%, respectively. Citi upgraded

Chinese shares to "overweight".

Despite the volatility, stock market valuations remain

substantially higher than historical averages, according to LSEG

Datastream.