*

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

*

S&P 500 -0.01%, Nasdaq -0.21%, Dow +0.08%

(Updates with afternoon trading)

By Noel Randewich and Sukriti Gupta

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

on Tuesday as gains in Coca-Cola and Apple ( AAPL ) offset losses in

Tesla, while investors parsed Federal Reserve Chair Jerome

Powell's latest comments.

The U.S. central bank is no rush to cut its short-term

interest rate again given the economy is "strong overall", with

low unemployment and inflation still above the Fed's 2% target,

Powell said in opening remarks at a Senate Banking Committee

hearing.

Investors are also on the lookout for any new tariff

comments from U.S. 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.

"Valuations are elevated, company guidance is measured,

inflation is persistent, government policy is uncertain, tariff

talk is ongoing and global tensions are elevated. So in

aggregate, the level of uncertainty is high, which implies

increased volatility," said Terry Sandven, chief equity

strategist at U.S. Bank Wealth Management.

Coca-Cola advanced 3.7% as the beverage maker

beat fourth-quarter revenue estimates, helped by higher prices

and resilient demand for its sodas and juices.

Tesla fell nearly 5% a day after a consortium

led by CEO Elon Musk offered $97 billion to buy the nonprofit

that controls artificial intelligence startup OpenAI.

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.

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.

January consumer price index data is scheduled to be

released at 8:30 a.m. ET (1330 GMT) on Wednesday, before

Powell's appearance.

Apple ( AAPL ) climbed 2.7%, buoying the S&P 500 more than

any other stock. The Information reported Apple ( AAPL ) was partnering

with Alibaba ( BABA ) to develop and roll out artificial

intelligence features for iPhone users in China.

The S&P 500 was down 0.01% at 6,066.07 points.

The Nasdaq declined 0.21% to 19,672.22 points, while the Dow

Jones Industrial Average was up 0.08% at 44,506.82 points.

Of the 11 S&P 500 sector indexes, six rose, led by energy

, up 1.09%, followed by a 0.51% gain in materials

.

Phillips 66 rose almost 5% after activist Elliott

Investment Management said it had built a stake of more than

$2.5 billion in the oil refiner.

DuPont de Nemours ( DD ) jumped nearly 8% after the

industrial materials maker raised its 2025 profit forecast on

strong demand for electronics.

Water technology firm Ecolab ( ECL ) rallied 6.5% after the

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

Fidelity National Information Services ( FIS ) dropped 12%

after the banking and payments processing conglomerate forecast

first-quarter profit below estimates.

Declining stocks outnumbered rising ones within the S&P 500

by a 1.4-to-one ratio.

Across the U.S. stock market, declining stocks

outnumbered rising ones by a 1.5-to-one ratio.