MARKET SNAPSHOT: U.S. Stocks Poised To Slip As Geopolitical Worries Take Edge Off Bulls' Appetite

By Victor Reklaitis, MarketWatch Features Dow Jones Newswires

Worries about Comey, Qatar and more help to 'curb risk appetite'

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U.S. stock futures on Tuesday signaled a small drop at the open, with analysts blaming the modest retreat on worries over a raft of geopolitical events later this week, including former FBI boss James Comey's testimony to a Senate panel.

S&P 500 futures fell by 2.75 points, or 0.1%, to 2,431.75, while Dow Jones Industrial Average futures shed 21 points, or 0.1%, to 21,155. Nasdaq-100 futures gave up 2.25 points, or less than 0.1%, to 5,878.50.

Gold futures ( , the Japanese yen ( and other safety plays were finding buyers, thanks in part to concerns about a spat between Qatar ( and other Middle Eastern nations.

Read: What you need to know about Saudi Arabia's break with Qatar (

There are also jitters over three events due Thursday: the U.K. election, a European Central Bank announcement, and Comey's testimony before the Senate panel, which is investigating Russian efforts to interfere ( in last year's presidential race.

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Read:What to watch when James Comey testifies to the Senate on Thursday (

Geopolitical concerns are "helping to drive safe haven flow and curb risk appetite," said Richard Perry, a Hantec Markets analyst, in a note.

Check out: U.K. election -- the worst, best and most likely scenarios for stocks worldwide (

On Monday, the S&P 500 , Dow and Nasdaq Composite all finished lower by between 0.1% and 0.2% (, pulling back from all-time closing highs achieved Friday (

Other markets: Oil futures edged lower, and European markets ( also lost ground. Asian equities finished mixed (, and a key dollar index was slightly lower after earlier showing a bigger loss and touching levels last seen in November (

Economic news: An April figure for job openings is slated to arrive at 10 a.m. Eastern Time.

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Individual movers: Shares in Apple Inc.(AAPL) were trading slightly higher in premarket action, putting the gadgets giant on track to recover somewhat from Monday's 1% drop.

That fall came after Apple unveiled its HomePod smart speaker and other new offerings (, and as Pacific Crest analysts downgraded the stock (, saying all of the upside from the next iPhone is already priced in.

Michaels Cos.(MIK) is among the companies expected to post earnings before the open.

(END) Dow Jones Newswires

June 06, 2017 05:49 ET (09:49 GMT)