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Airbnb ( ABNB ) rises on upbeat quarterly results

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DaVita ( DVA ) falls after Q4 results; Berkshire Hathaway ( BRK/A ) cuts

stake

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January retail sales at -0.9% MoM vs -0.1% estimate

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Indexes: Dow down 0.23%, S&P 500 flat, Nasdaq up 0.05%

(Updates with mid-session trading)

By Shashwat Chauhan and Sukriti Gupta

Feb 14 (Reuters) - Wall Street's main indexes were muted

on Friday, though set for firm weekly advances as Treasury

yields continued to decline a day after U.S. President Donald

Trump unveiled his reciprocal tariff plans but stopped short of

imposing new ones.

Yields across government bonds slipped for a second

straight day after data showed U.S.

retail sales fell more than expected in January, dropping

0.9% last month after an upwardly revised 0.7% increase in

December.

"In terms of monetary policy, this data supports the

likelihood of a second rate cut in 2025," said Quasar Elizundia,

research strategist at Pepperstone.

The yield on the 10-year note fell about 7 basis

points, last at 4.44%.

Trump, meanwhile, tasked his economics team on Thursday with

devising plans for reciprocal tariffs on every country taxing

U.S. imports, though the directive stopped short of imposing

fresh tariffs.

Howard Lutnick, Trump's pick for commerce secretary, said

the administration would address each affected country one by

one and said studies on the issue would be completed by April 1.

Imposition of tariffs on steel and aluminum imports, a

bigger-than-expected rise in January's consumer prices and

hawkish comments from Federal Reserve Chair Jerome Powell added

to market volatility this week, with uncertainty likely to

persist.

However, all three major indexes are set for robust weekly

gains, with the S&P 500 currently just shy of its record

high hit three weeks ago.

Stocks also got a boost earlier this week after data showed

U.S. producer prices increased in January, while key elements in

the core Personal Consumption Expenditures (PCE) index, a

measure closely tracked by the Fed, were benign or lower.

Traders are fully pricing in at least one 25-basis-point

interest rate cut by the end of the year, with an about 50%

chance of an additional such reduction, as per data complied by

LSEG.

At 11:22 a.m. ET, the Dow Jones Industrial Average

fell 103.18 points, or 0.23%, to 44,608.25, the S&P 500

lost 0.01 points, or 0.00%, to 6,115.06 and the Nasdaq Composite

gained 9.67 points, or 0.05%, to 19,955.32.

Seven of the 11 S&P 500 sectors traded higher, with energy

leading gains, up 0.8%, tracking rising oil prices.

Nvidia ( NVDA ) outpaced most megacap and growth stocks,

adding 1%, while Apple ( AAPL ) bounced 0.8% higher.

Airbnb ( ABNB ) jumped 14.4% after the vacation home rentals

company posted higher quarterly revenue.

DaVita ( DVA ) dropped 13.5% after the dialysis firm

projected annual profit below estimates. Warren Buffett's

Berkshire Hathaway ( BRK/A ) also sold some of its shares in the

company.

Applied Materials ( AMAT ) shed 6.4% after the chipmaking

equipment maker forecast second-quarter revenue below estimates.

U.S. markets will remain closed on Monday for the

Washington's Birthday holiday.

Advancing issues outnumbered decliners by a 1.83-to-1 ratio

on the NYSE and by a 1.2-to-1 ratio on the Nasdaq.

The S&P 500 posted 35 new 52-week highs and six new

lows, while the Nasdaq Composite recorded 112 new highs and 58

new lows.