US stocks sank into the red early Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. Futures on the S&P 500 and the tech-heavy Nasdaq 100 both fell roughly 0.5%, having closed higher after a bumpy day for the three major gauges. Dow Jones Industrial Average futures also dropped 0.5%. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates.
Eyes will be on April job openings figures due later Tuesday for more clues to how the economy is holding up, with factory and durable goods orders also on the docket. The labor market update serves as a precursor to the crucial May jobs report on Friday — the data highlight of the week. Meanwhile, the GameSpot rally — just one part of the jumpy summer start for stocks — lost steam early Tuesday, on the heels of a 21% surge for the meme darling.