Stocks - U.S. Futures Slip as Global Political Uncertainty Weighs

Investing.com - U.S. futures pointed to a slightly lower open on Wall Street on Tuesday, as investors moved away from riskier assets amid fears over the global growth outlook and a slew of geopolitical risks.

Market sentiment was hit by negative news from around the globe including Italy and Argentina's political uncertainty and persistent unrest in Hong Kong. The rising tide of geopolitical risk comes as markets are already reeling from fears that the U.S. and China may not end their year-long trade war anytime soon.

Nasdaq 100 futures fell 11 points or 0.2% by 6:45 AM ET (10:45 GMT), while Dow futures dipped 20 points or 0.1% and S&P 500 Futures declined 2 points or 0.1%.

U.S. stocks were hit by a selloff on Monday amid a broad based flight to safety as bond markets rallied.

Risk-off sentiment buoyed bonds on Tuesday, with the yield on the 10-year Treasury note falling to 2016 low, while the spread between the yield on the 3-month bill and the 10-year note remained inverted.

Uber (NYSE:UBER) fell 0.3% in premarket trade, continuing its decline after reports that Postmates will go public in September. Tesla (NASDAQ:TSLA) fell 0.9%, while Facebook (NASDAQ:FB) lost 0.7%.

Exxon Mobil (NYSE:XOM) rose 0.1% after Reuters reported that it plans to sell all or some of its U.K. North Sea assets.

In earnings news, Jd.Com (NASDAQ:JD), AAdvance Auto Parts Inc (NYSE:AAP), Tilray Inc (NASDAQ:TLRY) and others are set to report their financial results.

In commodities, crude oil rose 0.1% to $54.98 a barrel. Gold futures surged 1.7% to $1,542.75 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.167.

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