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Futures up: Dow 0.55%, S&P 500 0.75%, Nasdaq 0.98%

March 14 (Reuters) - U.S. stock index futures were

higher on Friday, signaling a pause from a week-long selloff

triggered by fears over the economic impact of the Trump

administration's erratic trade policies, while investors awaited

a consumer confidence report later in the day.

Global financial markets witnessed significant volatility

during the week, with the S&P 500 confirming a correction

and losing more than $4 trillion in value.

Concerns are rife that U.S. President Donald Trump's

unpredictable tariff threats could stall investment and tip the

world's largest economy into a period of high inflation and

slowing growth.

U.S. tariffs on metal imports were met with immediate

retaliation from Canada and the European Union and Trump has

also hinted at reciprocal tariffs in early April.

Some brokerages lowered their ratings on U.S. stocks and a

number of companies cited economic uncertainty as they announced

downbeat forecasts.

The S&P 500 confirmed a 10% drop in the previous session

from its February 19 record closing high, a week after the

tech-heavy Nasdaq also confirmed a correction.

All three indexes are on track for weekly declines, with the

benchmark index set for its longest weekly losing streak in

seven months. The blue-chip Dow is down about 9% from its

recent record high.

At 05:39 a.m. ET, Dow E-minis were up 223 points,

or 0.55%, S&P 500 E-minis were up 41.75 points, or 0.75%

and Nasdaq 100 E-minis were up 188.5 points, or 0.98%.

The steep selloff has cooled valuations of U.S. stocks and

analysts said various technical indicators show that equities

are ripe for a recovery.

Megacaps and chip stocks, which bore the brunt of the

selloff, rose in premarket trading. Meta added 1.6%,

Nvidia ( NVDA ) rose 1.8%, Broadcom ( AVGO ) climbed 1.9% and

Apple ( AAPL ) edged up 0.5%.

Apple ( AAPL )-supplier Foxconn said solid demand from its

tech clients would drive strong revenue growth in the first

quarter.

Tesla rose 1.5% after a 3% slide on Thursday. A

report said the automaker will make a lower-cost version of its

best-selling Model Y in Shanghai, aiming to regain ground lost

during a price war in its second-largest market.

The U.S. Senate was on the verge of passing a stopgap

spending bill to avert a partial government shutdown after

Democrats backed down in a standoff over President Donald

Trump's campaign to slash the federal workforce.

On the data front, the University of Michigan's survey of

consumer mood is expected at 10 a.m. ET, with price pressures

being the main concern. Economists polled by Reuters expect the

index to drop further to 63.1 from the 15-month low it hit in

February.

The U.S. Federal Reserve's policy decision will be in the

spotlight in the coming week, with traders betting that interest

rates will be left unchanged, according to data compiled by

LSEG. Markets will watch for clues on when the central bank

could resume its monetary policy easing.

Crown Castle ( CCI ) jumped 6.5% after it said it would sell

its fiber assets to two entities for $8.5 billion, nudged by

activist investor Elliott Investment Management.