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Futures up: Dow 0.08%, S&P 500 0.06%, Nasdaq 0.08%
Feb 19 (Reuters) - U.S. stock index futures were largely
flat on Wednesday as investors evaluated President Donald
Trump's latest tariff threats and awaited minutes of the Federal
Reserve's January meeting, expected later in the day.
The U.S. president said on Tuesday that he intends to impose
auto tariffs "in the neighborhood of 25%" and similar duties on
semiconductor and pharmaceutical imports.
Minutes of the U.S. central bank's January policy meeting -
where voting members elected to let interest rates stand and Fed
Chair Jerome Powell said there would be no rush to cut them
again until inflation and jobs data made it appropriate - are
scheduled to be released at 2 p.m. ET.
Investors will look for clues on the Fed's rate path in the
minutes, in light of mixed consumer and producer prices data
last week along with a sharp drop in retail sales, which had
sent Treasury yields lower.
"Keep an eye out for further discussions on the impact of
Trump's policies and possible insights into how members have
changed their views on the timing of further rate cuts, if any,
compared to the December forecasts," Karl Steiner, head of
analysis at SEB, said in a note.
Traders currently see at least one 25-basis-point rate cut
and a more than 43% chance of an additional lowering by
December, according to LSEG data.
Since his inauguration four weeks ago, Trump has imposed a
10% tariff on all imports from China, on top of existing levies.
He also announced and delayed for a month 25% tariffs on goods
from Mexico and non-energy imports from Canada.
The S&P 500 eked out an all-time closing high in the
last session, lifting tech heavyweights Microsoft ( MSFT ) and
Nvidia ( NVDA ).
At 04:53 a.m. ET, Dow E-minis were up 36 points, or
0.08%, S&P 500 E-minis were up 3.5 points, or 0.06%, and
Nasdaq 100 E-minis were up 17 points, or 0.08%.
Retail giant Walmart's ( WMT ) results, a bellwether for how
the American consumer is faring, are due later this week.
Earnings from contract research firm Charles River
Laboratories ( CRL ) and chipmaker Analog Devices ( ADI ) are on
the radar before the bell.
Arista Networks ( ANET ) dropped 3.8% despite the cloud
computing provider forecasting first-quarter revenue above Wall
Street estimates.
Bumble slid 15.7% after the dating app operator
forecast first-quarter revenue below analysts' estimates.
Celanese lost 13.1% after the specialty chemicals
company reported a quarterly loss.