For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.<div class="tr-summaryinfo">Futures down: Dow 0.23%, S&amp;P 500 0.45%, Nasdaq 0.54%</div>
 May 13 (Reuters) - U.S. stock index futures were down on Tuesday, pulling back after a sharp rally fueled by a U.S.-China trade truce, as investors turned their focus to a key U.S. inflation reading that could shape the outlook for monetary policy. April consumer price inflation (CPI) is due at 8:30 a.m. ET, with economists polled by Reuters expecting a 0.3% monthly rise and an annual rate holding steady at 2.4%. &#34;Today's inflation data is highly anticipated, as higher figures could further diminish the outlook for additional rate cuts — potentially leading to no cuts at all by 2025,&#34; said Jochen Stanzl, chief market analyst at CMC Markets.Traders currently see at least two 25-basis-point rate reduction by the year-end, with the first cut expected in September, according to data compiled by LSEG. A number of Federal Reserve officials are slated to speak this week, including Chair Jerome Powell on Thursday.All three main U.S. indexes closed sharply higher on Monday, with the S&amp;P 500 .SPX notching its highest closing level since March 5, as a relief rally ensued after the U.S. and China agreed to temporarily slash harsh reciprocal tariffs and cooperate to avoid rupturing the global economy.The U.S. will cut extra tariffs it imposed on Chinese imports to 30% from 145% for the next three months, while Chinese duties on U.S. imports will fall to 10% from 125%. A White House executive order said that the U.S. will cut the low value &#34;de minimis&#34; tariff on China shipments.Following the tariff truce, Goldman Sachs became the first major brokerage to lower its probability of a U.S. recession. All three major indexes have recouped their losses since April 2 - dubbed &#34;Liberation Day&#34; - when U.S. President Donald Trump announced reciprocal tariffs on almost all trading partners. A 90-day pause announced on April 9 for countries other than China, along with solid earnings reports and a limited U.S.-UK trade agreement last week, have helped the S&amp;P 500 and tech-heavy Nasdaq regain lost ground.Still, the S&amp;P 500 remains nearly 5% below its February record high. At 05:02 a.m. ET, Dow E-minis YMcv1 were down 97 points, or 0.23%, S&amp;P 500 E-minis EScv1 were down 26.25 points, or 0.45%, and Nasdaq 100 E-minis NQcv1 were down 113.75 points, or 0.54%. Most megacap and growth stocks inched lower after rallying in the previous session, with Tesla TSLA.O and Nvidia NVDA.O down about 1% each in premarket trading. Among the early movers were crypto exchange operator Coinbase Global COIN.O, which jumped 9.3% after being slated to join the S&amp;P 500 on May 19.The earnings season is winding down, and more than 90% of S&amp;P 500 companies have reported, while results from retail giant Walmart WMT.N are due later this week.Investors now await cues of a potential trade deal from Trump's four-day visit to the Gulf region, with the president arriving in Saudi Arabia on Tuesday.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. 

According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

NVIDIA Financial Results for Q4 Fiscal 2025

COIN

U.S. stock index futures are down as the rally from a U.S.-China trade truce fades, with investors focusing on upcoming inflation data. Dow futures are down 0.23%, S&P 500 down 0.45%, and Nasdaq down 0.54%. April consumer price inflation is expected to show a 0.3% monthly rise. The Federal Reserve's monetary policy outlook may be influenced by this data. Despite recent gains, the S&P 500 remains nearly 5% below its February record high. Coinbase Global is set to join the S&P 500, boosting its stock by 9.3%.

- U.S. stock index futures are down as investors await a key inflation reading, with April consumer price inflation expected to rise by 0.3% monthly and hold steady at 2.4% annually.  
- The recent U.S.-China trade truce has led to a relief rally, but the S&P 500 remains nearly 5% below its February record high.  
- Traders anticipate at least two rate cuts by the Federal Reserve by year-end, with the first expected in September, while major earnings reports, including from Walmart, are forthcoming.

US STOCKS-US stock futures down as trade truce rally fades, inflation data in focus