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F5 rises after Q2 revenue forecast tops estimates

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T-Mobile jumps after upbeat 2025 subscriber growth

forecast

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Danaher ( DHR ) falls after Q4 profit miss

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Futures: Dow down 0.16%, S&P 500 down 0.2%, Nasdaq up

0.04%

(Updates prices before market open)

By Shashwat Chauhan and Sukriti Gupta

Jan 29 (Reuters) -

Wall Street's main indexes were on track for a subdued open

on Wednesday, as losses in tech heavyweights Apple ( AAPL ) and Nvidia ( NVDA )

kept broader gains in check and investor attention turned to the

U.S. Federal Reserve's interest-rate decision, due later in the

day.

Markets widely expect the central bank to hold its lending

rate steady in its decision, expected at 2 p.m. ET.

"Without clarity on the macro impact of a range of

government policies, primarily tariffs, but also on tax policy

and the labor market impact of immigration policy, we think it's

fair to expect limited guidance from the Fed today," Goldman

Sachs economists said in a note.

Meanwhile, shares of semiconductor firms and related

equipment makers advanced in premarket trading after Dutch firm

ASML reported fourth-quarter bookings of 7.09 billion

euros ($7.39 billion), a number far exceeding expectations.

KLA Corp ( KLAC ) rose 2.1%, Applied Materials ( AMAT ) was

up 2.7%, Lam Research ( LRCX ) gained 2.8% and Micron Technology ( MU )

added 1.5%.

Nvidia ( NVDA ) dropped 2% after gaining close to 9% on

Tuesday. Its shares were hammered on Monday, after Chinese

startup DeepSeek launched AI models it said were cost-effective

and ran on less advanced chips.

Apple ( AAPL ) shed 1.8% after brokerage Oppenheimer

downgraded its rating to "perform" from "outperform". The iPhone

maker is scheduled to report quarterly earnings later this week.

The Nasdaq jumped 2% in the last session, while

the S&P 500 rose close to 1% as Nvidia ( NVDA ) and other

artificial intelligence-linked tech shares recovered somewhat

from the steep losses suffered earlier in the week.

Markets have been on edge due to worries around U.S.

President Donald Trump's proposed tariffs, which could

exacerbate inflationary pressures and slow rate cuts.

Trump still plans to make good on his promise to impose

tariffs on Canada and Mexico on Saturday, White House press

secretary Karoline Leavitt said on Tuesday.

Point72 Asset Management's founder Steven Cohen said he

expects the stock market to reach a peak soon, amid inflationary

pressures and uncertainties around Trump's policies on tariffs

and immigration.

The December reading of the personal consumption

expenditures price index, a crucial metric in assessing the

inflation trajectory, is due on Friday.

At 8:27 a.m. ET, Dow E-minis were down 71

points, or 0.16%, S&P 500 E-minis were down 12.25

points, or 0.2%, and Nasdaq 100 E-minis were up 8

points, or 0.04%.

Among earnings, T-Mobile added 6.3% after the

company forecast stronger-than-expected annual subscriber growth

driven by increased demand for its affordable premium 5G plans.

Danaher ( DHR ) shed 5.7% after the life sciences

company missed estimates for fourth-quarter profit, due to soft

demand for tools and services used in drug development by its

biotech and pharmaceutical clients.

Earnings from Magnificent 7 stocks Microsoft ( MSFT ),

Facebook-parent Meta and Tesla are expected

after markets close.

Cybersecurity and cloud services company F5 jumped

13.5% after forecasting second-quarter revenue above estimates

and posting a first-quarter revenue beat.

Chipmaker Qorvo lost 3.7% after it reported lower

third-quarter revenue.

($1 = 0.9628 euros)