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Futures down: Dow 0.41%, S&P 500 0.25%, Nasdaq 0.25%

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April CPI due at 08:30 am ET

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Coinbase up after firm to join S&P 500

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UnitedHealth ( UNH ) suspends annual forecast, CEO steps down

(Updated with UnitedHealth ( UNH ) news, latest prices)

By Shashwat Chauhan and Pranav Kashyap

May 13 (Reuters) -

U.S. stock index futures were lower on Tuesday after a

spirited rally sparked by Washington's temporary trade truce

with China subsided and investors shifted focus to a crucial

U.S. inflation report that will likely shape the monetary policy

path.

April consumer price inflation data is due to be released at

8:30 a.m. ET, with economists polled by Reuters expecting a 0.3%

monthly rise and the annual rate holding steady at 2.4%.

"Today's inflation data is highly anticipated, as higher

figures could further diminish the outlook for additional rate

cuts - potentially leading to no cuts at all by 2025," said

Jochen Stanzl, chief market analyst at CMC Markets.

Traders currently expect at least two 25-basis-point rate

reductions by the year-end, with the first cut expected in

September, according to data compiled by LSEG.

A number of U.S. Federal Reserve officials are slated to

speak this week, including Chair Jerome Powell on Thursday.

Relief swept through Wall Street on Monday as all three

major U.S. indexes surged, with the S&P 500 reaching heights not

seen since March 5. The upswing came in the wake of the U.S. and

China agreeing to ease their tough reciprocal tariffs, signaling

a cooperative effort to prevent a global economic recession.

The U.S. will pause the extra tariffs it imposed on Chinese

imports to 30% from 145% for three months, while Chinese duties

on U.S. imports will fall to 10% from 125% for the same period.

A White House executive order said the U.S. would cut the

low value "de minimis" tariff on China shipments.

Following the tariff truce, Goldman Sachs became the first

major brokerage to lower its probability of a U.S. recession.

The three major indexes have successfully rebounded from the

losses logged since April 2, known as "Liberation Day", when

President Donald Trump announced reciprocal tariffs affecting

nearly all U.S. trade partners.

A 90-day pause announced on April 9 for countries other than

China, along with solid earnings reports and a limited U.S.-UK

trade agreement last week, helped the S&P 500 and tech-heavy

Nasdaq regain lost ground.

Still, the S&P 500 remains nearly 5% below its February

record high.

Weighing on Dow futures, UnitedHealth ( UNH ) fell 5.5%

after the insurance bellwether suspended its annual forecast and

its CEO stepped down.

At 06:51 a.m. ET, Dow E-minis were down 176 points,

or 0.41%, S&P 500 E-minis were down 14.75 points, or

0.25%, and Nasdaq 100 E-minis were down 52.25 points, or

0.25%.

Most megacap and growth stocks inched lower after rallying

in the previous session, with Tesla down about 1% in

premarket trading, while Nvidia ( NVDA ) was flat.

Crypto exchange operator Coinbase Global ( COIN ), which is

slated to join the S&P 500 on May 19, was among the early

movers, jumping 9.6%.

As earnings season draws to a close, with more than 90% of

S&P 500 companies having reported earnings, investors now look

forward to results from retail giant Walmart ( WMT ), expected

later this week.

Trump is on a four-day visit to the Gulf region,

arriving in Saudi Arabia on Tuesday, and investors will now look

to see if a potential trade deal is in the offing.