* Futures: Dow down 0.35%, S&P down 0.11%, Nasdaq up

0.14%

* Asset managers dip as Partners Group caps withdrawals

on PE fund

* Broadcom ( AVGO ) gains ahead of quarterly results after market

close

* S&P Global's manufacturing and services survey, ISM

services due

(Updates with prices)

By Medha Singh and Twesha Dikshit

June 3 (Reuters) - S&P and Dow futures ticked lower on

Wednesday, stalling near record highs, as rising crude oil

prices weighed on sentiment, with a flare-up in the Middle East

conflict signaling little progress in efforts to end the

months-long war.

Brent crude futures rose over 2% to $98.30 a barrel after an

Iranian missile attack damaged Kuwait's airport and the U.S.

military carried out strikes near the Strait of Hormuz, raising

the risk of further supply disruption that could stoke broader

inflation.

"It is not in the interest of either the U.S. or Iran to go

back towards fighting and bombing. Our base case scenario

remains that we would be moving towards a deal; even if it's a

fudge to get the Strait of Hormuz opened," Jefferies economist

Mohit Kumar wrote in a note.

U.S. President Donald Trump said on Wednesday that Iran had

agreed to not have a nuclear weapon.

Hopes for an end to the war, alongside a run of upbeat

corporate updates, have underpinned Wall Street's rally to

record highs.

Markets have also been boosted by recent developments that

have reinforced expectations of sustained AI spending.

Earlier this week, Nvidia ( NVDA ) launched new chips for

PCs, while Dell and Hewlett Packard Enterprise ( HPE )

topped earnings forecasts and Alphabet said it planned

to raise $80 billion to fund its AI expansion.

Marvell Technology ( MRVL ) soared 11.4% in premarket

trading to top $290 billion in market value, extending gains a

day after Nvidia ( NVDA ) CEO Jensen Huang called the chipmaker the next

"trillion-dollar company."

Broadcom ( AVGO ) shares rose 2.5% ahead of the company's

quarterly report due after market close. The results would be

the next key test of AI-driven momentum, with the firm's shares

rising 14% in the past four sessions.

Elon Musk's SpaceX plans to fix its IPO price at $135 ‌per

share ahead of its roadshow to raise a record-setting $75

billion, a source familiar with the matter told Reuters on

Tuesday.

The listing leads a wave of high-profile private companies

preparing to test public markets, including Anthropic and

OpenAI, after years of muted large-cap IPO activity.

At 06:25 a.m. ET, Dow E-minis were down 181 points,

or 0.35%, S&P 500 E-minis were down 8.5 points, or

0.11%, and Nasdaq 100 E-minis were up 42.25 points, or

0.14%.

All three major stock indexes closed at record highs on

Tuesday, with the S&P 500 finishing above 7,600 for the first

time.

Investors are awaiting upcoming economic data, including S&P

Global's manufacturing and services surveys and the ISM services

index, ahead of Friday's closely watched labor market report,

which could shape expectations for monetary policy.

Money markets expect the Federal Reserve to keep interest

rates on hold for the remainder of the year, with growing odds

of a 25 bps rate hike in October or December.

Fed Chair Kevin Warsh pledged to follow "the best of the

Fed's traditions" in a note to staff at the start of his

four-year term.

Among other movers, asset managers dropped after

Switzerland's Partners Group capped withdrawals from an

$8.6 billion private equity fund.

KKR and Blackstone were down 5.8% and 3.9%,

respectively, while Blue Owl and Ares Management ( ARES )

fell about 3% each.

Gamestop ( GME ) advanced 9.1% after posting a rise in

quarterly revenue and unveiling a $2 billion share buyback

program.