US Stock Futures Slip as Higher Yields and Oil Prices Keep Investors at Bay

US stock index futures slipped on Tuesday, extending a weak run as elevated bond yields and higher oil prices kept investors at bay.

The Labor Department's Job Openings and Labor Turnover Survey will be in focus later in the session, ahead of the more crucial nonfarm payrolls data on Friday. The reports are expected to provide clues on the health of the labor market after Federal Reserve Chair Kevin Warsh said taming inflation is the central bank's chief focus.

Chip stocks declined before the bell, with Nvidia, Intel and AMD dipping between 1.2% and 1.9%. Energy stocks rose following a 1.67% gain in Brent crude, with Exxon Mobil and Devon Energy up 1% and 1.3%, respectively.