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* Futures up: Dow 0.13%, S&P 500 and Nasdaq 0.04% each
June 30 (Reuters) - Wall Street futures were largely
unchanged early on Tuesday, as investors took a breather in the
final trading session of a quarter that saw equities post the
biggest gains in years.
A slew of economic data, including the JOLTS job openings
report and the Conference Board's consumer confidence index,
would be in focus later in the day.
Equities have held up despite a tense geopolitical backdrop,
an oil price shock and concerns about AI spending.
The S&P 500 and the Nasdaq Composite indexes
were on course for their best quarter in six years, while the
blue-chip Dow was set for its best quarterly gain since
2022.
Some analysts are pinning their hopes on the upcoming
earnings season to boost stocks, especially after the punishing
selloff last week in semiconductors and tech shares.
"Technology has been experiencing a period of June gloom,
but that could easily reverse as earnings season approaches,"
said Brian Levitt, chief global market strategist at Invesco.
However, others warn that for a meaningful gain in the
second half of the year, negotiations to end the U.S.-Iran
conflict will need to produce a breakthrough.
Traders are pricing in at least one rate hike by the Federal
Reserve by the end of 2026, according to data compiled by LSEG.
They will watch out for Fed Chair Kevin Warsh's comments at a
high-profile economic conference in Portugal later on Tuesday.
At 5:49 a.m. ET, Dow E-minis were up 68 points, or
0.13%, S&P 500 E-minis rose 3.25 points, or 0.04% and
Nasdaq 100 E-minis gained 12 points, or 0.04%.
"Whether the price action is noise or signal will become
clearer in the coming days -- perhaps weeks -- and will depend
on a balance of geopolitical risks, U.S. rate uncertainty, and
the earnings outlook," said Kyle Rodda, senior financial market
analyst at Capital.com.
In the premarket session, shares of customer experience
firm Concentrix ( CNXC ) dropped 23.7% after the company
lowered its annual revenue and adjusted profit forecasts.
AeroVironment ( AVAV ) gained 20.8% following a jump in
quarterly revenue.
(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini
Ganguli)