US STOCKS-Wall Street set for subdued open as investors weigh coronavirus risks

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* Apple slips as China business shutdown threatens demand
* Tesla jumps after Shanghai factory resumes production
* Futures: Dow dips 0.08%, S&P flat, Nasdaq up 0.05%

(Adds comment, details; Updates prices)
By Medha Singh
Feb 10 (Reuters) - Wall Street was set to open largely
unchanged on Monday after last week's strong gains as investors
kept an eye on the economic impact from the coronavirus outbreak
and company updates, with people starting to return to work in
China.
The death toll from the epidemic has surpassed that of
Severe Acute Respiratory Syndrome (SARS) from 2002-2003 and the
World Health Organization said the number of cases outside China
could be just "the tip of the iceberg". "Investors are quiet worried about the overly negative
impact of the coronavirus on the global economy," said Peter
Cardillo, chief market economist at Spartan Capital Securities
in New York.
Apple Inc AAPL.O slipped 1.1% in premarket trading as its
supplier Foxconn 2317.TW struggled to fully resume its
factories in China.
Analysts expect China's smartphone sales may plunge by as
much as 50% in the first quarter, as many retail shops remain
shuttered for an extended period and companies struggle to
restart production. On the other hand, electric carmaker Tesla Inc TSLA.O
jumped 7.2% as its Shanghai factory returned to service with
assistance to help it cope with the spreading epidemic.
At 8:32 a.m. ET, Dow e-minis 1YMcv1 slipped 0.08%. S&P 500
e-minis EScv1 remained unchanged and Nasdaq 100 e-minis
NQcv1 gained 0.05%.
Wall Street's main indexes slipped from record highs on
Friday, but still the S&P 500 .SPX posted its best week in
eight months and the Nasdaq recorded its biggest weekly gain in
more than a year following China's efforts to limit the impact
of the virus.
This week, a slew of earnings reports from consumer
discretionary companies and U.S. retail sales data could help
determine to what extent the coronavirus is hitting consumer
demand. Markets will also watch for U.S. President Donald Trump's
$4.8 trillion budget proposal for fiscal year 2021 on Monday,
and Fed Chair Jerome Powell's two-day address to the U.S.
Congress starting Tuesday.
Among other stocks, L Brands Inc LB.N climbed 7.2% after a
report the retailer was nearing a deal to sell Victoria's Secret
to Sycamore Partners. Eli Lilly LLY.N dropped 4% after experimental drugs from
the U.S. pharmaceutical firm and Switzerland's Roche ROG.S
failed to halt Alzheimer's disease. Shopping centers owner Taubman Centers Inc TCO.N surged
52.6% as it agreed to be bought by larger peer Simon Property
Group Inc SPG.N in a deal valued at $3.6 billion. Other U.S. mall owners Kimco Realty Corp KIM.N , Macerich
Co MAC.N and Tanger Factory Outlet Centers Inc SKT.N jumped
between 1.5% and 13.5%.