DRT:CC - Dow Futures Slip 100+
U.S. stock futures fell Tuesday, putting the major averages on track to give back the gains seen in the previous session.
Futures for the Dow Jones Industrials sank 120 points, or 0.3%, to 39,391.
Futures for the S&P 500 dropped 23.25 points, or 0.4%, at 5,510.25.
Futures for the NASDAQ Composite let go of 112 points, or 0.6% to 19,940.
Wall Street is coming off a positive session. The tech-heavy NASDAQ Composite gained 0.8% to close at a record, while the much-broader S&P 500 rose 0.3%. Meanwhile, the Dow added 50.66 points, or 0.1%.
Investors are deliberating whether the strong start to the year can continue in the back half of 2024. While megacap tech stocks continue to outperform, bearish market observers worry poor breadth could signal choppiness ahead.
The May job openings and labor turnover report is also due out Tuesday. Economists polled by Dow Jones anticipate the number of job openings last month to be 7.9 million, down from 8.1 million in April.
Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labour market with the June jobs report.
In Japan, the Nikkei 225 increased 1.1% Tuesday, while the Hang Seng in Hong Kong added 0.3%.
Oil prices hiked 65 cents to $84.03 U.S. a barrel.
Gold prices slipped $8.30 to $2,330.60