(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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JOLTS data expected at 10 a.m. ET

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Delta Air Lines ( DAL ) lowers first-quarter forecast, shares fall

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Kohl's slides on bleak annual sales forecast

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Futures up: Dow 0.05%, S&P 500 0.09%, Nasdaq 0.15%

(Updates to before markets open)

By Johann M Cherian and Pranav Kashyap

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

for a subdued open on Tuesday following sharp losses on Wall

Street in the previous session, while disappointing forecasts

from Kohl's and Delta stoked worries about a slowing economy.

Global markets have been gripped by a sense of risk aversion

ever since President Donald Trump triggered a tit-for-tat tariff

war between the U.S. and its trade partners, which analysts have

said could stoke inflationary pressures and trigger an economic

slowdown.

The S&P 500 recorded its steepest one-day decline since

December 18 on Monday, with the selloff erasing $4 trillion from

the index's peak just last month.

The tech-heavy Nasdaq already confirmed a 10% correction

late last week.

Reflecting slowing consumer demand, Kohl's forecast

a bigger-than-expected drop in annual comparable sales, sending

the retailer's shares down 13.5% in premarket trading.

Dick's Sporting Goods declined 4.5% after the

retailer forecast annual results largely below estimates.

Delta Air Lines ( DAL ) slid 4% after the carrier slashed

its first-quarter profit estimates by half as CEO Ed Bastian

blamed heightened U.S. economic uncertainty.

American Airlines ( AAL ) dropped 1.3% after the carrier

said it sees a bigger-than-expected first-quarter loss.

"The American narrative is fading. Trump's disruptive trade

policies are hitting home, sparking fears of inflation and

dampening sentiment on Wall Street," said Nikos Tzabouras,

market analyst at Tradu.

"These two to three months will remain challenging for U.S.

markets and we could see even deeper losses from here."

At 08:36 a.m. ET, Dow E-minis were up 22 points, or

0.05%, S&P 500 E-minis were up 5.25 points, or 0.09%,

and Nasdaq 100 E-minis were up 29.75 points, or 0.15%.

Futures tracking the domestically focused Russell 2000 index

rose 0.7%.

The CBOE market volatility index dipped slightly

after closing at its highest level since August.

Focus will be on the Labor Department's Job Openings and

Labor Turnover Survey, which is due later in the day. A closely

watched inflation report is expected later in the week.

Interest rate futures point to the U.S. Federal Reserve

leaving borrowing costs unchanged at its meeting next week, but

they also have penciled in that the central bank could lower

borrowing costs by at least 75 basis points by December on

expectations of slowing growth.

Trump will meet the chief executives of America's biggest

companies later in the day. Focus will also be on voting related

to a funding bill at Capitol Hill to avert a partial federal

government shutdown.

Heavyweight megacaps were mixed. Tesla inched up

0.6% after the stock fell 15.4% in the previous session, while

Meta and Amazon.com ( AMZN ) were flat.

Oracle dropped 1.9% after the cloud company missed

quarterly revenue estimates.

Citi became the latest brokerage to revise its stance on

U.S. stocks, downgrading its recommendation from "overweight" to

"neutral."

Despite the volatility, stock market valuations remain

substantially higher than historical averages, according to LSEG

Datastream.