Futures Pointing To Initial Pullback On Wall Street

U.S. stock index futures pointed toward an initial pullback on Tuesday, February 11, 2025, retreating after a solid rally in the prior session. S&P 500 futures dropped approximately 0.4 percent ahead of the market open as renewed trade war concerns rattled investor sentiment following President Donald Trump's official announcement of 25 percent tariffs on U.S. steel and aluminum imports. Market participants also maintained a cautious stance ahead of Federal Reserve Chair Jerome Powell's testimony before the Senate Banking Committee, where his commentary is anticipated to provide critical clues regarding the monetary policy and interest rate path. Investors are additionally awaiting key inflation data scheduled for release later in the week. In the preceding session, Wall Street had gained notably, with the S&P 500 climbing 0.7 percent to 6,066.44, the Nasdaq advancing 1.0 percent to 19,714.27, and the Dow rising 0.4 percent to 44,470.41. Global markets showed mixed results, with European bourses edging slightly higher while Asian markets traded mixed amid lingering geopolitical and macroeconomic uncertainties.