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Futures down: Dow 0.18%, S&P 500 0.12%, Nasdaq 0.02%

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Constellation Energy ( CEG ) gains on power agreement with Meta

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Dollar General ( DG ) lifts annual comparable sales growth target

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April JOLTS, factory orders data due at 10 a.m. ET

(Updates before markets open)

By Kanchana Chakravarty and Sukriti Gupta

June 3 (Reuters) - Wall Street's main indexes headed for

a subdued open on Tuesday as investors awaited possible

negotiations between the United States and its trading partners

for more clarity on the tariff war that has roiled financial

markets for months.

President Donald Trump and Chinese leader Xi Jinping are set

to speak this week, the White House said on Monday, days after

Trump accused China of violating an agreement to roll back

tariffs and trade restrictions.

Meanwhile, the Trump administration wants countries to

provide their best offer on trade negotiations by Wednesday as

officials seek to accelerate talks with multiple partners ahead

of a self-imposed deadline in just five weeks, according to a

draft letter to negotiating partners seen by Reuters.

Trump said last week he planned to double tariffs on

imported steel and aluminum to 50% starting on Wednesday,

fuelling fresh concerns among investors and pulling back global

stocks as they approached record highs.

In May, however, a softening of Trump's harsh trade stance

allowed a recovery in risky assets, with the benchmark S&P 500

and the tech-heavy Nasdaq posting their biggest

monthly percentage gain since November 2023.

The S&P 500 remains less than 4% away from its record peak

touched in February.

"The markets are still trading with a decent level of

uncertainty because they're not sure how everything's going to

turn out," said Chris Zaccarelli, chief investment officer at

Northlight Asset Management.

"Having a best and final offer deadline and a framework to

move forward should be positive for the markets."

The Organisation for Economic Cooperation and Development

lowered its 2025 global growth forecast to 2.9% from 3.1%

expected earlier, citing the effects of Trump's trade war on the

U.S. economy.

Deutsche Bank, however, raised its year-end target for the

S&P 500 to 6,550 from 6,150, citing lower tariff-related

pressure on earnings and a resilient economy.

At 08:35 a.m. ET, Dow E-minis were down 76 points,

or 0.18%, S&P 500 E-minis were down 7.25 points, or

0.12%, and Nasdaq 100 E-minis were down 5.25 points, or

0.02%.

Most megacap and growth stocks were mixed in premarket

trade. Alphabet shares dropped nearly 2%.

April factory orders and JOLTS job openings data are

scheduled for release at 10:00 a.m. ET. U.S. central bank

officials including Fed Board Governor Lisa Cook, Chicago Fed

President Austan Goolsbee and Dallas President Lorie Logan are

due to speak through the day.

Later in the week, monthly jobs data may offer more signs on

how trade uncertainty is affecting the world's biggest economy.

In stocks, Constellation Energy ( CEG ) rose nearly 10%

after Meta Platforms ( META ) said it had struck a power

agreement with the utility's nuclear plant.

Pinterest ( PINS ) rose 4.3% after J.P.Morgan raised its

rating to "overweight" from "neutral".

Dollar General ( DG ) jumped 9.4% as the discount retailer

raised its annual sales forecast after surpassing quarterly

sales expectations.

(Reporting by Kanchana Chakravarty and Sukriti Gupta in

Bengaluru; Editing by Devika Syamnath)