After showing a lack of direction throughout the previous session, stocks may continue to experience choppy trading on Tuesday. The major index futures are currently pointing to roughly flat open for the markets, with the Dow futures up by just 3 points.
Uncertainty about the near-term outlook for the markets may contribute to another lackluster performance on Wall Street after the major averages ended Monday's trading mixed.
While some analysts continue to call for a correction by the markets after recent gains lifted the Dow and the S&P 500 to record highs, traders have seemed reluctant to sell stocks and miss out on any further upside.
Traders are likely to remain on the sidelines on Tuesday, looking ahead to the release of key reports on industrial production, housing starts, and producer and consumer prices later in the week.
Nonetheless, some positive sentiment was generated by comments from widely followed hedge fund manager David Tepper.
Tepper, the head of Appaloosa Management, told CNBC he is "definitely bullish" on stocks and said the economy is getting better.
"What's going to make you bearish?" Tepper said in an interview on CNBC's Squawk Box. "I think every place is the place to be in the stock markets of the world."
Among individual stocks, shares of Take-Two Interactive (TTWO) may see early strength after the video game maker reported a better than expected first quarter profit compared to a year-ago loss. The company also forecast full-year results in line with estimates.
Consumer products giant Clorox (CLX) is also likely to be in focus after raising the quarterly cash dividend on the company's common stock by nearly 11 percent to $0.71 per share.
Meanwhile, shares of SolarCity (SCTY) are likely to come under pressure in early trading after the solar energy company reported a wider than expected first quarter loss.
With upbeat retail sales data limiting the desire to cash in on the recent strength in the markets, stocks showed a lack of direction over the course of the trading day on Monday after moving modestly lower in early trading.
The major averages eventually ended the day mixed, with the Dow posting a modest loss. While the Dow dipped 26.81 points or 0.2 percent to 15,091.68, the Nasdaq edged up 2.21 points or 0.1 percent to 3,438.79 and the S&P 500 inched up 0.07 points or less than a tenth of a percent to 1,633.77.
In overseas trading, stock markets across the Asia-Pacific region turned in another mixed performance during trading on Tuesday. While Japan's Nikkei 225 Index edged down by 0.2 percent, South Korea's Kospi Index advanced by 1 percent.
The major European markets have also turned mixed on the day. The French CAC 40 Index has dipped by 0.1 percent, while the German DAX Index and the U.K.'s FTSE 100 Index are up by 0.3 percent and 0.2 percent, respectively.
In commodities trading, crude oil futures are slipping $0.43 to $94.74 a barrel after sliding $0.87 to $95.17 a barrel on Monday. Gold futures are falling $10.20 to $1,424.10 an ounce. In the previous session, the precious metal fell $2.30 to $1,434.30 an ounce.
On the currency front, the U.S. dollar is trading at 101.74 yen compared to the 101.82 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.2966 compared to yesterday's $1.2975.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.