U.S. stock futures fell Tuesday, putting the major averages on track to give back the gains seen in the previous session. Dow Jones Industrial Average futures slipped 106 points, or almost 0.3%. S&P 500 futures slipped 0.35%, and Nasdaq 100 futures dipped 0.4%. Wall Street is coming off a positive session. The tech-heavy Nasdaq Composite gained 0.8% to close at a record, while the S&P 500 rose 0.3%. Meanwhile, the Dow Jones Industrial Average added 50.66 points, or 0.1%. Investors are deliberating whether the strong start to the year can continue in the back half of 2024. While megacap tech stocks continue to outperform, bearish market observers worry poor breadth could signal choppiness ahead. For now, the performance of underlying stocks in the major indexes remain at a healthy level, according to Kevin Gordon, senior investment strategist at Charles Schwab. “I think that’s actually probably the key for the second half of the year,” Gordon said on CNBC’s “Closing Bell” on Monday. “If you can keep above two-thirds of members in the S&P and the Nasdaq that are above their 200-day moving average, I think that would still be a relatively healthy setup as we go through the softer patch of economic data, as you get through a little bit more clarity for where the Fed is going, and what the actual timing of rate cuts looks like.” Federal Reserve Chair Jerome Powell speaks Tuesday at 9:30 a.m. ET before a policy panel at the European Central Bank Forum. The central bank leader will be part of a panel discussion and will not be issuing prepared remarks beforehand. He will join ECB President Christine Lagarde and Roberto Campos Neto, governor of Brazil’s central bank. CNBC’s Sara Eisen will moderate. The May job openings and labor turnover report is also due out Tuesday. Economists polled by Dow Jones anticipate the number of job openings last month to be 7.9 million, down from 8.1 million in April. Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report. U.S. Treasury yields were lower on Tuesday as investors looked ahead to labor market data and monitored comments from Federal Reserve Chair Jerome Powell. The yield on the benchmark 10-year Treasury note fell more than 4 basis points to 4.437%, while the yield on the 2-year Treasury note fell 3.7 basis points to trade at 4.733%. Asia-Pacific markets mostly fell on Tuesday, breaking ranks with Wall Street that saw the Nasdaq Composite reach a new record on the back of tech stocks. Japan’s Nikkei 225 rose 1.12% to close at a 3-month high of 40,074.69, while the broad-based Topix rose 1.15% to hit a fresh 34-year high of 2,856.62. The Topix is less than 30 points away from its all-time closing high of 2,884.80 achieved on December 18, 1989. The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows. South Korea’s Kospi ended down 0.84% to 2,780.86 and the small-cap Kosdaq closed down 2.04% to 829.91 after the inflation data was released. Hong Kong’s Hang Seng index was up 0.33% as of its final hour of trade. Mainland China’s CSI 300 fell 0.18% to end at 3,471.79. Australia’s S&P/ASX 200 fell 0.42% to 7,718.2 as the Reserve Bank of Australia released the minutes from its June monetary policy meeting, in which board members discussed raising interest rates but eventually decided to hold them steady at 4.35%. U.S. crude oil topped $84 per barrel on Tuesday, hitting a two-month high as worries grow that a war between Israel and Hezbollah and an active hurricane season in the Gulf of Mexico could disrupt supplies. As oil extends its rally, gasoline prices have hit a $3.50 per gallon average ahead of the Fourth of July holiday, according to the motorist association AAA. Prices at the pump are 3 cents higher than last week but still lower than last month. West Texas Intermediate August contract: $84.28 per barrel, up 90 cents, or 1.03%. Year to date, U.S. crude oil has gained 17.6%. Brent September contract: $87.35 per barrel, up 75 cents, or 0.75%. Year to date, the global benchmark is ahead by 13.4%. Gold prices fell on Tuesday under pressure from elevated U.S. Treasury yields and a stronger dollar while investors awaited comments from Federal Reserve Chair Jerome Powell for further clues about the interest rate path. Spot gold was down 0.3% at $2,325.3 per ounce by 0952 GMT. The benchmark 10-year Treasury yield hit a one-month high on Monday and held elevated on Tuesday, making non-yielding bullion less attractive, amid bets on the possibility of a second Donald Trump presidency. Gold is down 5% from a record high of $2,449.89 per ounce it touched on May 20, a rally caused by safe-haven demand driven by geopolitical and economic uncertainty as well as persistent central bank buying, a crucial category of demand.