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Futures: Dow down 0.01%, S&P 500 up 0.04%, Nasdaq down

0.02%

Dec 3 (Reuters) - U.S. stock index futures were muted on

Tuesday after the S&P and the Nasdaq notched record high levels

in the last session, with focus on a crucial jobs report later

this week along with more data and commentary from Federal

Reserve officials.

October's job openings and labor turnover survey (JOLTS)

report is due at 10:00 a.m. ET ahead of hotly anticipated

monthly payrolls figures on Friday, a crucial metric in gauging

the Fed's interest rate trajectory.

"The bumpy inflation trajectory since the end of the summer

caught the Fed's attention and led markets to aggressively

reprice the policy outlook for 2025," analysts at Societe

Generale wrote in a morning note.

"It is unclear if we have reached an equilibrium with a

terminal rate around 3.75%."

Traders currently see a more than 72% chance of the Fed

cutting interest rates by 25-bps when it meets later this month,

as per CME's FedWatch Tool.

Fed Governor Christopher Waller, whose views are often a

bellwether for U.S. monetary policy, said on Monday that with

inflation still forecast to fall to 2% he is inclined "at

present" to support another interest rate cut later this month.

New York Fed President John Williams said late on Monday

that while it was clear interest rates are likely go down over

time, he could not yet say what the central bank's next move

will be.

On the docket for Tuesday, comments from Chicago Fed

President Austan Goolsbee and Fed Board Governor Adriana Kugler

would be on the radar.

The Nasdaq and the S&P 500 scored to record

closing highs in the last session, as the tech rally spilled

into December after U.S. equities' stellar November performance.

Former U.S. President Donald Trump recaptured the White

House in last month's election and his Republican Party swept

both houses of Congress, boosting stocks in November.

Analysts have cited Trump's potential plans for tax cuts and

deregulation as a positive for stocks, though tariffs would be

negative on concerns of a global trade war.

At 5:08 a.m. ET, Dow E-minis were down 5 points, or

0.01%, S&P 500 E-minis were up 2.25 points, or 0.04% and

Nasdaq 100 E-minis were down 3.25 points, or 0.02%.

Among early individual movers, Zscaler ( ZS ) fell 7.6% in

premarket trading after analysts noted that the cybersecurity

firm's second-quarter revenue forecast failed to impress.

Tesla slipped 1.3% after the automaker's sales of

China-made electric vehicles fell 4.3% year-on-year to 78,856 in

November, data from the China Passenger Car Association showed.

U.S. Steel shed 6.8% after Trump reiterated his

opposition to Nippon Steel's ( NISTF ) planned $15 billion the

purchase of the company.