07:30 AM EDT, 06/03/2025 (MT Newswires) -- The benchmark US stock measures were pointing lower before the open Tuesday as trade tensions resurfaced between the US and China, while investors await the latest labor market data.

The S&P 500 and the Dow Jones Industrial Average declined 0.4% each in premarket activity, while the Nasdaq was off 0.3%. The indexes finished the previous trading session in the green.

Investors continue to parse renewed tensions between the US and China over tariffs after the Asian country on Monday said Washington breached the preliminary trade deal reached between the two countries in Switzerland. Last week, US President Donald Trump accused China of violating the pact.

Trump and his Chinese counterpart, Xi Jinping, could hold one-on-one talks "very soon," CNBC reported Monday, citing a senior White House official.

Last month, Washington and Beijing agreed to suspend most tariffs on each other's imports for 90 days.

US Treasury yields were down in premarket action, with the two-year rate retreating 2.3 basis points to 3.92% and the 10-year rate decreasing 4 basis points to 4.42%.

The Job Openings and Labor Turnover Survey for April is scheduled for a 10 am ET release. The ADP Employment report for May is out on Wednesday, while the government's nonfarm payroll data for the same month is due on Friday.

"Corporate commentary, while cautious due to tariff uncertainty, has not led to elevated layoffs so far, and another strong jobs report would be well received by investors," D.A. Davidson said in a client note.

Tuesday's economic calendar also has the factory orders report for April. Federal Reserve Governor Lisa Cook is slated to speak at 1 pm, while Chicago Fed President Austan Goolsbee and Dallas Fed President Lorie Logan are also scheduled to speak.

Shares of Constellation Energy ( CEG ) jumped 12% pre-bell after the company reportedly agreed to sell nuclear power to Facebook parent Meta Platforms ( META ) as part of a 20-year agreement.

Ferguson Enterprises ( FERG ) , Dollar General ( DG ) , Donaldson (DCI), Nio (NIO), Ollie's Bargain Outlet (OLLI) and Signet Jewelers ( SIG ) report their latest financial results before the bell, among others. CrowdStrike ( CRWD ) , Hewlett Packard Enterprise ( HPE ) and Guidewire Software ( GWRE ) release earnings after the markets close.

West Texas Intermediate crude nudged 0.2% higher to $62.67 a barrel before the opening bell. Gold slipped 0.5% to $3,354 per troy ounce, while bitcoin gained 0.9% to $105,301.