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Futures down: Dow 0.54%, S&P 0.59%, Nasdaq 0.60%

June 4 (Reuters) - U.S. stock futures fell on Tuesday

after weak manufacturing data raised new worries about the

strength of the U.S. economy, even as markets awaited a slew of

reports this week to gauge how much growth has slowed.

Stocks slipped on Monday after survey data showed U.S.

factory activity had slowed more than expected in May and

construction spending slipped in April, although the S&P 500 and

the Nasdaq closed the session slightly higher.

"It was a day when the U.S. economic exceptionalism theme

was called into question," Chris Weston, head of research at

Pepperstone, said in a note.

Megacap stocks including Nvidia ( NVDA ), Apple ( AAPL ),

Alphabet and Meta were down between 0.3% and

0.9% in premarket trading. Gains in these rate-sensitive stocks

had boosted the Nasdaq in the previous session, as U.S. Treasury

yields slipped.

Broadly strong corporate earnings, coupled with seemingly

resilient economic growth, have kept Wall Street optimistic and

buoyed stocks over several months, despite forcing markets to

dial back hopes for both the timing and pace of interest-rate

cuts.

However, a string of recent data points to the economy

slowing more than expected, causing investors to fret even as

markets expect an earlier start to rate cuts.

Traders are now pricing in a nearly 62% chance of the Fed

cutting rates in September, up from about 53% before ISM data

was released and under 50% last week, according to the CME's

FedWatch tool.

Several key reports scheduled to be out this week are

expected to provide a clearer picture of U.S. economic health,

particularly the labor market. The Job Openings and Labor

Turnover Survey is expected later on Tuesday, ahead of the

closely watched nonfarm payroll figures for May, due on Friday.

Factory orders data is also expected later in the day and

the results of surveys on the services sector are due on

Wednesday.

"The manufacturing report has put us on notice that the

various employment data points this week and ISM services could

all be genuine market-moving risk events, and the market will

likely be sensitive to any downside surprises," Weston said.

Monday's trading was also impacted by a glitch at the New

York Stock Exchange, triggering volatility in dozens of stocks.

The NYSE later said the issue had been resolved and exchanges

were canceling erroneous trades in affected stocks, including

Class A shares of Berkshire Hathaway ( BRK/A ).

At 5:51 a.m. ET, Dow e-minis were down 208 points,

or 0.54%, S&P 500 e-minis were down 31.5 points, or

0.59%, and Nasdaq 100 e-minis were down 112 points, or

0.60%.

Among individual movers, Intel ( INTC ) gained 2.3% after

the company launched its next generation Xeon server processors,

and priced its Gaudi 3 artificial intelligence accelerator chips

below its rivals' products.

Software coding platform GitLab ( GTLB ) dipped 3.5% after

forecasting weaker-than-expected second-quarter revenue late on

Monday.