* Futures: Dow down 0.26%, S&P 500 down 0.07%, Nasdaq up

0.11%

* FedEx ( FDX ), UPS dip after Amazon ( AMZN ) opens up its logistics

network

* Ebay ( EBAY ) rises after GameStop's ( GME ) buyout bid

(Updates before market open)

By Niket Nishant and Utkarsh Hathi

May 4 (Reuters) - Wall Street's main indexes were on

track for a choppy open on Monday as heightened investor anxiety

over the Middle East conflict tempered the optimism from last

week's earnings.

Futures whipsawed in a turbulent start to the week after

conflicting reports about a U.S. warship near the Strait of

Hormuz.

Tehran said it had forced a U.S. warship to turn back after

it attempted to enter the Strait of Hormuz. Iran's semi-official

Fars news agency said two missiles had hit the warship, but the

United States denied the report.

The confusion was enough for investors to pause following a

strong run of earnings last week, as they assess the aggressive

rhetoric between Washington and Tehran and the risk of renewed

escalation.

"I don't believe that the markets have properly priced in

the long-term risks that are going to come," said Mark Malek,

chief investment ​officer at Siebert Financial.

"There are going to be more shoes to drop. And you're going

to see it in future earnings," he said, referring to the risk

from higher oil prices.

The conflict, now in its third month, has continued to weigh

on the global economy as oil prices stay elevated. Brent crude

futures rose 2.5% on Monday and are trading above $110 a

barrel.

At 8:44 a.m. ET, Dow E-minis fell 131 points,

or 0.26%, S&P 500 E-minis lost 5.25 points, or 0.07%,

and Nasdaq 100 E-minis gained 31 points, or 0.11%.

May is also historically the start of a weaker six-month

stretch for stocks. Since 1945 through April 2026, the S&P 500

has gained an average of about 2% from May to October, according

to data from Fidelity. That compares with an average gain of

about 7% from November through April.

"Seasonal patterns can offer useful historical perspective,

but they aren't always a reliable guide for what lies ahead,"

said Adam Turnquist, chief technical strategist at LPL

Financial.

"An easing of tensions in the Middle East and a pullback in

oil prices could provide ongoing support for equities,

especially if earnings remain resilient."

Meanwhile, Berkshire Hathaway ( BRK/A ) reported on Saturday

that it was a net seller of stocks for the 14th consecutive

quarter.

The conglomerate, often viewed as a bellwether of the U.S.

economy, is closely watched for its insight into valuations and

broader market conditions.

Separately, shares of GameStop ( GME ) dipped 3.6% while

eBay ( EBAY ) rose 7.3% in premarket trading after the video

game retailer unveiled a proposal to buy eBay ( EBAY ) for about

$56 billion in a cash-and-stock deal.

Shares of logistics firms FedEx ( FDX ) and United Parcel

Service ( UPS ) fell 4.5% and 3.3%, respectively, after

Amazon.com ( AMZN ) said on Monday it was rolling out "Amazon

Supply Chain Services", opening up its logistics network for

other businesses to use.