US Futures Edge Lower Tuesday as Investors Continue to Monitor Middle East Conflict, Await Key Labor Data

MT Newswires Live06-02 20:04

US stock futures were tracking slightly lower in Tuesday's pre-market session as investors continue to monitor any signs of a possible peace deal to end Middle East fighting, and look ahead to key labor market data set for release later in the morning.

The Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures were 0.4% lower, and Nasdaq futures were off 0.1%.

Oil prices were moving lower, with front-month global benchmarks Brent crude declining 1.18% to $93.86 a barrel, while West Texas Intermediate crude was down 1.19% to $91.06 a barrel.

Investors will be looking ahead to the Job Openings and Labor Turnover Survey (JOLTS) for April, set to be released at 10 am ET, which will give investors a good indication on the strength of the US labor market. The reading is expected to remain unchanged at 6.866 million job openings.

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