07:04 AM EDT, 09/03/2024 (MT Newswires) -- The benchmark US stock measures were pointing lower before Tuesday's opening bell as traders await labor market data later in the holiday-shortened week.

Standard & Poor's 500 and the Dow Jones Industrial Average declined 0.5% each in premarket activity, while the Nasdaq was off 0.7%. Asian exchanges were mostly tracking in the red, while European bourses were trending south midday on the continent.

US markets were closed on Monday for the Labor Day holiday.

Traders await the Job Openings and Labor Turnover Survey for July on Wednesday, while the ADP Employment and Challenger Job Cut reports, both for August, are due on Thursday. The government's nonfarm payrolls data for last month is scheduled to be released on Friday.

Tuesday's economic calendar has the August purchasing managers' index for manufacturing from S&P Global at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month and the construction spending report for July at 10 am.

Shares of Nvidia ( NVDA ) were down 1.9% pre-bell while Tesla (TSLA) rose 0.7%. GameStop ( GME ) edged 0.5% higher and Airbnb ( ABNB ) decreased 0.3%.

Zscaler ( ZS ) , GitLab ( GTLB ) , OneStream ( OS ) and HealthEquity ( HQY ) report their latest financial results after the markets close.

Before the open, bitcoin traded up nearly 1% at $59,038, West Texas Intermediate crude oil fell 1.6% to $72.35 a barrel, yields on 10-year Treasuries dipped 0.4 basis point to 3.91% and gold ticked down 0.1% to $2,526 an ounce.