U.S. equity futures and bonds opened lower on February 11, 2025, as markets reacted to the threat of tariffs imposed by former President Donald Trump. The VIX index, which measures market volatility, jumped amid concerns over the ongoing trade war. Federal Reserve Chair Jerome Powell is scheduled to deliver his Congressional testimony today, further influencing market sentiment. As the day progressed, U.S. stocks ended mixed, with the VIX edging higher as investors prepared for the upcoming Consumer Price Index (CPI) inflation report.