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US STOCKS-Futures tread water as markets weigh Trump's auto tariffs threat; Fed minutes on tap
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US STOCKS-Futures tread water as markets weigh Trump's auto tariffs threat; Fed minutes on tap
Feb 19, 2025 2:52 AM

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

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

*

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.

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