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

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

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T-Mobile rises on July launch for satellite-to-cell

service

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McDonald's posts biggest U.S. sales decline in nearly 5

years

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Futures up: Dow 0.38%, S&P 500 0.45%, Nasdaq 0.69%

(Updates with results from McDonald's)

By Shashwat Chauhan and Sukriti Gupta

Feb 10 (Reuters) - U.S. stock index futures ticked up on

Monday, recovering from last week's declines, with steelmakers

leading the gains after U.S. President Donald Trump said he

would impose additional tariffs on steel and aluminum imports.

Trump's latest trade escalation came on Sunday, when he said

he would introduce 25% tariffs on all imports of steel and

aluminum into the United States, on top of existing duties on

the metals.

U.S. Steel surged 5.2% in premarket trading after

Japan's Chief Cabinet Secretary said Nippon Steel ( NISTF ) was

considering proposing a bold change in its plan to buy the

company.

Shares of other steelmakers also soared, with

Cleveland-Cliffs ( CLF ) adding 7.9%, while Nucor ( NUE ) jumped

9%. Aluminum producer Alcoa ( AA ) was up 4.6%.

Trump also said he would announce reciprocal tariffs on all

countries on Tuesday or Wednesday, effective almost immediately,

matching the tariffs levied by each country.

"Risky assets are getting a bit desensitized to Trump's

tariff announcement," economists at Jefferies said in a note.

"(The tariffs) will cause volatility, are a negotiating tool

and will eventually be not as bad as feared."

All three major indexes had dropped about 1% each in the

last session, nursing weekly losses after Trump had initially

revealed his reciprocal tariff plans.

At 07:06 a.m. ET, Dow E-minis were up 169 points,

or 0.38%, S&P 500 E-minis were up 27.25 points, or

0.45%, and Nasdaq 100 E-minis were up 149.25 points, or

0.69%.

Most megacap and growth stocks also edged higher, with

Microsoft ( MSFT ) and Meta Platforms ( META ) up about 0.8%

each.

McDonald's posted a steeper-than-expected drop in

quarterly U.S. comparable sales. Its shares, however, rose about

1% in choppy trading.

Coca-Cola, DoorDash ( DASH ), health insurer CVS

Health ( CVS ) and computer-networking equipment maker Cisco ( CSCO )

are some of the prominent companies that are expected

to report results later this week.

U.S. Federal Reserve Chair Jerome Powell is due to testify

before Congress on Tuesday and Wednesday. The January consumer

price index reading is expected to be released in the early

hours of Wednesday, before Powell's testimony the same day.

Expectations for the Fed's rate cuts to stay on hold in

March solidified after Friday's mixed U.S. employment report. A

year-on-year 4.0% unemployment rate would probably give the

central bank cover to hold off cutting interest rates at least

until June.

Fed officials said on Friday that the U.S. job market is

solid and pointed out the lack of clarity about how Trump's

policies would affect economic growth and still-high inflation.

Among other early movers, Wireless carrier T-Mobile

said it had started wide-scale testing of its satellite-to-cell

service, powered by SpaceX's Starlink. Its shares rose 3.9%.