Stock futures were lower Tuesday as Wall Street looked to find its footing after an uneven start to the month. Futures for the Dow Jones Industrial Average dropped 83 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures ticked down 0.3% and 0.2%. The move in futures came after the Dow fell more than 115 points, or 0.3%, on the first trading day of June. The S&P 500 and Nasdaq Composite both rose modestly on Monday. Weak manufacturing data weighed on market sentiment, as investors are waiting to see if growth can hold up while the Federal Reserve waits for inflation to decline enough to cut interest rates. “I think the indices themselves are a little bit flawed right now,” Bank of America head of U.S. equity and quantitative strategy Savita Subramanian told CNBC’s “Squawk Box” on Tuesday. “I almost feel like when you peel back the onion and look at the underlying stock market, what makes me feel better is that earnings are coming in positive for a broader array of companies in the S&P it’s not just the ‘Magnificent Seven’ that’s doing all the work for the index.” Gabriela Santos, JPMorgan Asset Management chief market strategist for the Americas, said on CNBC’s “Closing Bell” that the economy still looks solid overall even if some investors are losing confidence. “For us, this is really a story of moderation in the overall pace of growth. But any time you’re moving to a lower altitude, you can have some slightly more choppy areas — some concern about too much deceleration,” she said. A busy week of economic data continues on Tuesday, with job opening and factory order data for April due out at 10 a.m. ET. The key report of the week will be Friday’s May payrolls report. U.S. Treasury yields slipped on Tuesday as investors considered the latest economic data and what it could mean for the economy. The yield on the 10-year Treasury was down by 1 basis point at 4.384%. The 2-year Treasury yield was last trading at 4.808% after dipping about 1 basis point. India stocks tumbled Tuesday in volatile trading, leading Asia markets lower as the country continued vote counting for its 2024 general election. The Nifty 50 index fell about 5% and the BSE Sensex dropped more than 5%, as early projections suggested a closer-than-expected contest between the BJP-led NDA and the Congress-led I.N.D.I.A bloc. Japan’s Nikkei 225 fell 0.22% to close at 38,837.46, while the broader Topix ended 0.38% down at 2,787.48. South Korea’s Kospi shed 0.76% to end at 2,662.10 and the smaller-cap Kosdaq closed 0.13% higher at 845.84. Hong Kong’s Hang Seng index was 0.12% higher, while the CSI 300 index added 0.75% to close at 3,615.67. In Australia, the S&P/ASX 200 index was down 0.31% closing at 7,737.10. U.S. crude oil fell nearly 2% on Tuesday, extending a recent losing streak to erase most of its gains for the year after OPEC+ announced plans to increase production starting in October. U.S. crude has fallen for five consecutive sessions now, with the July contract tumbling 3.6% on Monday in the wake of the OPEC+ meeting last weekend. West Texas Intermediate July contract: $72.90 a barrel, down $1.32, or 1.78%. Year to date, U.S. oil has gained 1.73%. Brent August contract: $77.14 a barrel, down $1.22 or 1.56%. Year to date, the global benchmark is up 0.12%. Gold prices fell on Tuesday after rising 1% in the previous session as investors awaited U.S. jobs data due later this week for clues on the Federal Reserve’s interest rate trajectory. Spot gold was down 0.8% at $2,331.78 per ounce. U.S. gold futures fell 0.7% to $2,351.50.