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T-Mobile rises on July launch for satellite-to-cell

service

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McDonald's posts biggest U.S. sales decline in nearly 5

years

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Fed Chair Powell to testify before Congress this week

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Indexes up: Dow 0.26%, S&P 500 0.39%, Nasdaq 0.75%

(Updates after markets open)

By Shashwat Chauhan and Sukriti Gupta

Feb 10 (Reuters) - Wall Street's main indexes moved

higher on Monday, recovering from last week's declines, as U.S.

steelmakers surged after President Donald Trump said he would

impose additional tariffs on steel and aluminum imports.

Trump's latest trade escalation came on Sunday when he said

he would introduce 25% tariffs on all imports of steel and

aluminum into the United States, on top of existing duties on

the metals.

U.S. Steel gained 3.3% after Japan's Chief Cabinet

Secretary said Nippon Steel ( NISTF ) was considering proposing a

bold change in its plan to buy the company.

Shares of other steelmakers also soared, with

Cleveland-Cliffs ( CLF ) adding 13.2%, and Nucor ( NUE ) gaining

7.3%. Aluminum producer Alcoa ( AA ) was up 3.2%.

Trump also said on Sunday he would announce reciprocal

tariffs on all countries on Tuesday or Wednesday, effective

almost immediately, matching the tariffs levied by each country.

"We're certainly in an unmarked territory. It's not every

day that an administration is so decisive with its executive

powers as to take so much action altogether," said Giuseppe

Sette, president of market research firm Reflexivity.

At 09:52 a.m. ET, the Dow Jones Industrial Average

rose 111.28 points, or 0.26%, to 44,414.68, the S&P 500

gained 23.60 points, or 0.39%, to 6,049.59 and the Nasdaq

Composite gained 145.65 points, or 0.75%, to 19,669.05.

Five of the 11 S&P 500 sectors traded higher, with energy

stocks leading the gains with a 1.6% rise, while

technology companies added 1.3%.

Nvidia ( NVDA ) climbed 3.5%, while Apple ( AAPL ) and

Microsoft ( MSFT ) rose about 1%.

A gauge of semiconductor stocks rose 1.3%.

All three major indexes had dropped about 1% each in the

last session, recording weekly losses after Trump had initially

revealed his reciprocal tariff plans.

Expectations for the Fed's rate cuts to stay on hold in

March solidified after Friday's mixed U.S. employment report. A

year-on-year 4.0% unemployment rate would probably give the

central bank cover to hold off cutting interest rates at least

until June.

U.S. Federal Reserve Chair Jerome Powell is due to testify

before Congress on Tuesday and Wednesday. The January consumer

price index reading is expected to be released in the early

hours of Wednesday, before Powell's testimony the same day.

McDonald's on Monday posted a bigger-than-expected

drop in the U.S. comparable sales in the fourth quarter.

However, its global comparable sales posted a surprise rise.

Shares of the fast food chain were up 4.9%.

Rockwell Automation ( ROK ) advanced 9.6% after the

automation products maker posted a higher-than-expected profit

for the first quarter.

Among other movers, T-Mobile gained 2.2% after the

wireless carrier said it will launch its satellite-to-cell

service, powered by SpaceX's Starlink, in July for $15 a month.

Advancing issues outnumbered decliners by a 1.87-to-1 ratio

on the NYSE, and by a 1.3-to-1 ratio on the Nasdaq.

The S&P 500 posted six new 52-week highs and 12 new lows,

while the Nasdaq Composite recorded 51 new highs and 94 new

lows.

(Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru;

Editing by Pooja Desai and Shinjini Ganguli)