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

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

*

DuPont ( DD ) gains after raising 2025 profit forecast

*

Elliott Investment builds $2.5 billion stake in Phillips

66

*

Fed's Powell says in no hurry to cut rates

*

Indexes: Dow up 0.07%, S&P 500 up 0.01%, Nasdaq down 0.09%

(Updates with afternoon trading levels)

By Shashwat Chauhan and Sukriti Gupta

Feb 11 (Reuters) - Wall Street's main indexes were

almost flat on Tuesday as gains in megacaps such as Coca-Cola

and Apple ( AAPL ) offset losses in some growth stocks, while investors

parsed Federal Reserve Chair Jerome Powell's latest comments.

Powell said in opening remarks at a Senate Banking Committee

hearing that the central bank was in no rush to cut its

short-term interest rate again given the economy was "strong

overall", with low unemployment and inflation still above the

Fed's 2% target.

"While there was no explicit mention of tariffs in Powell's

statement - nor in the communication surrounding last month's

decision - the erratic policymaking of President Trump is sure

to be playing on the minds of policymakers as they contemplate

their next steps," said Bradley Saunders, North America

economist at Capital Economics.

Investors are on the lookout for any new tariff comments

from President Donald Trump, a day after he substantially raised

levies on imports of steel and aluminum, and said there would be

announcements over the next two days about reciprocal tariffs on

all countries that impose duties on U.S. goods.

Powell's Senate testimony is the first of two days of

hearings on Capitol Hill. He is set to speak to the House

Financial Services Committee on Wednesday.

The January consumer price index (CPI) data is set to be

released at 8:30 a.m. ET on Wednesday, before Powell's

appearance.

Traders expect at least one 25-basis-point rate cut from

the Fed this year, and a 44% chance of another reduction of the

same magnitude, according to LSEG data.

Helping offset declines, Apple ( AAPL ) added 2.7% after

a report said it was partnering with Alibaba ( BABA ) to

develop and roll out artificial intelligence features for iPhone

users in China.

At 11:21 a.m. ET, the Dow Jones Industrial Average

rose 30.99 points, or 0.07%, to 44,503.06, the S&P 500

gained 0.36 points, or 0.01%, to 6,066.89 and the Nasdaq

Composite lost 16.92 points, or 0.09%, to 19,696.93.

Energy stocks led gains among the major S&P

sub-sectors, adding close to 1% as crude oil prices remained

elevated.

Phillips 66 rose 5.3% after activist Elliott

Investment Management said it had built a stake of more than

$2.5 billion in the oil refiner.

EARNINGS

DuPont de Nemours ( DD ) jumped 7.2% after the industrial

materials maker raised its 2025 profit forecast on strong demand

for electronics.

Coca-Cola advanced 3.3% as the beverage maker beat

fourth-quarter revenue estimates, helped by higher prices and

resilient demand for its sodas and juices.

Water technology firm Ecolab ( ECL ) jumped 7.9% after the

company forecast higher-than-expected adjusted profit for 2025.

Fidelity National Information Services ( FIS ) dropped 16.8%

after the banking and payments processing conglomerate forecast

first-quarter profit below estimates.

Declining issues outnumbered advancers by a 1.2-to-1 ratio

on the NYSE and by a 1.5-to-1 ratio on the Nasdaq.

The S&P 500 posted 11 new 52-week highs and 15 new lows

while the Nasdaq Composite recorded 37 new highs and 163 new

lows.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru;

Editing by Devika Syamnath)