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

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

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GE Aerospace rises on upbeat 2025 profit forecast

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Elevance gains after Q4 profit beats estimates

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American Airlines ( AAL ) falls on downbeat 2025 profit forecast

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Weekly jobless claims stand at 223,000

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Futures: Dow up 0.10%, S&P 500 dips 0.09%, Nasdaq off

0.44%

(Updates before markets open)

By Johann M Cherian and Sukriti Gupta

Jan 23 (Reuters) -

U.S. main stock indexes were set for a subdued start on

Thursday, as investors paused after Wall Street's strong

performance in the previous session and focused on corporate

earnings, economic data and President Donald Trump's remarks -

all lined up through the day.

At 8:52 a.m. ET, Dow E-minis were up 45 points,

or 0.10%, S&P 500 E-minis were down 5.25 points, or

0.09% and Nasdaq 100 E-minis were down 97.5 points, or

0.44%.

The S&P 500 and the blue-chip Dow logged their

sixth session of advances out of seven on Wednesday, with the

benchmark index notching an intraday record high for the first

time in over a month.

Trump's announcement of half a trillion investment in

artificial intelligence infrastructure, along with Netflix's ( NFLX )

strong results, provided the latest tailwind for

markets, which had been recovering since last week after data

showed underlying inflation was cooling despite robust economic

activity.

In premarket trading, AI darlings Nvidia ( NVDA ) dropped

1.6% and Microsoft ( MSFT ) dipped 0.6%, while chip stocks such

as Advanced Micro Devices ( AMD ) and Broadcom ( AVGO ) slipped

1% each. The stocks had advanced in the previous session.

"The market probably needs a couple of days to digest

the flurry of news that we're getting out of the Trump

administration, with respect to his plans on tariffs and his

economic policies to try and sort out the economic impacts of

some of the executive actions that he's taken," said Scott

Ladner, chief investment officer at Horizon Investments.

Uncertainty about Trump's trade plans prevailed as he said

tariffs on imports from Canada, Mexico, China and the European

Union could be announced on Feb. 1, although analysts expect

April 1 to be the date when major tariff plans will be unveiled.

All eyes will be on Trump's virtual appearance at the World

Economic Forum in Davos at 11:00 a.m. ET.

Trump pulled the U.S. out of the OECD tax deal on Monday.

Tariff imposition could threaten a global trade war, upside

price pressures and slow down the Federal Reserve's pace of

monetary policy easing.

Traders expect the central bank to leave interest rates

unchanged for the first half of 2025, according to data compiled

by LSEG. A moderate rise in longer-dated Treasury yields

also limited gains among stocks.

On the economic data front, a Labor Department report

showed weekly jobless claims stood at 223,000, compared with

expectations of 220,000.

Among top movers, GE Aerospace advanced 7% after it

forecast 2025 profit above estimates on robust aftermarket

demand.

Elevance rose 4.4% after

beating estimates

for fourth-quarter profit, partly helped by

lower-than-expected spending on medical care for its members.

Other health insurers such as UnitedHealth Group ( UNH )

, CVS Health ( CVS ) and Humana rose between 1.4%

and 2.4%.

American Airlines ( AAL ) lost 5.2% after it forecast

2025

profit below expectations

.

Electronic Arts ( EA ) was down 16.5% after the videogame

publisher cut its forecast for annual bookings, citing weakness

in its established soccer franchise.

Micron dropped 3.4% after South Korean rival SK Hynix ( HXSCF )

warned of steeper demand declines in its commodity

memory chips used in smartphones and computers.