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Updates prices before markets open

By Shashwat Chauhan and Sukriti Gupta

Feb 14 (Reuters) - Wall Street's main indexes were set for a muted open on Friday, as investors awaited more clarity on U.S. President Donald Trump's reciprocal tariff plans after robust gains in the last sessions, with all three benchmarks set for weekly gains.

Trump 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.

"The tariff news created a lot of volatility about two weeks ago, but right now it seems that the markets are looking past it," said Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report.

"The markets probably see the tariffs as more of a negotiating tool than anything else."

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 .SPX currently sitting about 0.2% away from its all-time highest level hit three weeks ago.

The S&P 500 closed about 1% higher on Thursday, boosted by gains in Nvidia NVDA.O, Apple AAPL.O and Tesla TSLA.O.

Stocks also got a boost 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 8:49 a.m. ET, Dow E-minis 1YMcv1 were down 70 points, or 0.16%, S&P 500 E-minis EScv1 were down 3 points, or 0.05%, and Nasdaq 100 E-minis NQcv1 were down 7.25 points, or 0.03%.

Meanwhile, U.S. retail sales fell more than expected in January, dropping 0.9% last month after an upwardly revised 0.7% increase in December.

Yields across U.S. government bonds ticked lower after the data, with the one on the 10-year note US10YT=RR last at 4.47%.

Comments from Dallas Fed President Lorie Logan would also be awaited later in the day.

Fourth-quarter earnings are estimated to grow 15.2%, compared to 11.6% growth projected at the start of the month, according to data compiled by LSEG.

Tesla outpaced most megacap and growth stocks in premarket trading, adding 1.8% after hitting an 11-week low earlier this week.

Airbnb ABNB.O jumped 13.5% after the vacation home rentals company posted higher quarterly revenue.

DaVita DVA.N dropped 9.6% after the dialysis firm projected annual profit below estimates. Warren Buffett's Berkshire Hathaway BRKa.N also sold some of its shares in the company.

Moderna MRNA.O fell 4.7% after the vaccine maker reported a bigger-than-expected quarterly loss.

U.S. markets will remain closed on Monday for the Washington's Birthday holiday.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Maju Samuel)

((Shashwat.Chauhan@thomsonreuters.com;))