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Tech Bulls Take Breather Pre-Bell on Wall Street; Asia, Europe Up

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Wall Street futures pointed modestly lower pre-bell Tuesday as traders weighed values in stock markets trading near all-time zeniths, even as Persian Gulf prospects remain uncertain.

In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.1% and the Dow Jones was off 0.3%.

West Texas Intermediate crude oil traded down 1.1% at $91.15, after renewed media reports of a possible Tehran-Washington deal to re-open the Strait of Hormuz.

Investors also await the Job Openings and Labor Turnover Survey (JOLTS) for April, slated for 10 am ET in Washington, sure to be parsed for clues to the strength of the US labor market.

Asian exchanges traded mostly higher overnight, with fresh highs set on equity indices in Seoul and Taiwan.

European bourses tracked north midday on the continent.

Hewlett Packard Enterprise (HPE) traded up 22.8% per-bell after the IT outfit reported fiscal Q2 EPS and revenue above expectations, and issued upbeat guidance, citing AI-fueled demand for servers, late Monday.

On the economic calendar, in addition to the JOLTS report, Federal Reserve Minneapolis President Neel Kashkari and Cleveland President Beth Hammack are slated to speak on Tuesday

In pre-market action, bitcoin traded at $69,562, and 10-year US Treasuries offered 4.43%. Spot gold commanded $4,528 an ounce.

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