Tesla slips after its China-made EV sales drop in Nov<br>
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<i><u>October JOLTS data due at 10 a.m. ET</u></i><br>
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<b>Futures: Dow down 0.03%, S&P 500 up 0.03%, Nasdaq down 0.05%</b><br>
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<u><b>(Updates with prices)</b></u><br>
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<b>By Shashwat Chauhan and Purvi Agarwal</b><br>
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Dec 3 (Reuters) - U.S. stock index futures were subdued on Tuesday after the S&P 500 and the Nasdaq <br>
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notched record high levels in the last session, with investor focus on a crucial jobs <br>
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report later this week along with more data and commentary <br>
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from Federal Reserve officials.<br>
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October's job openings and labor turnover survey (JOLTS) report is due at 10:<br>
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00 a.m. ET, ahead of hotly anticipated monthly payrolls figures on Friday, a <br>
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crucial metric in gauging the Fed's interest rate trajectory.<br>
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"The bumpy inflation trajectory since the end of the summer caught the Fed's attention and led markets to aggressively reprice the policy outlook for 2025," <br>
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analysts at Societe Generale wrote in a morning note.<br>
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<b>"It is unclear if we have reached an equilibrium with a terminal rate around 3.75%."</b><br>
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Traders currently see a more than 72% chance of the Fed cutting interest rates by 25 basis points <br>
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when it meets later this month, as per CME's FedWatch Tool.<br>
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<u><strong>A November reading of private payrolls <br>
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is also due on Wednesday.</strong></u><br>
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Fed Governor Christopher Waller, whose views are often a <br>
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bellwether for U.S. monetary policy, said on Monday that with <br>
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inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month.<br>
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New York Fed President John Williams said late on Monday that while it was clear interest rates are likely go down over time, <br>
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he could not yet say what the central bank's next move will be.<br>
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On the docket for Tuesday, comments from Chicago Fed President <br>
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Austan Goolsbee and Fed Board Governor Adriana Kugler would be parsed through.<br>
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The Nasdaq and the S&P 500 scored to record closing highs in the last session, <br>
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as the tech rally spilled into December after U.S.<br>
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equities' stellar November performance.<br>
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Former U.S. President Donald Trump recaptured the <br>
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White House in last month's election and his Republican Party swept both houses of Congress, boosting stocks in November.<br>
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Analysts have cited Trump's potential plans for tax cuts and deregulation as a positive for stocks, though tariffs could be <br>
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a negative on concerns of fresh inflationary pressures and a global trade war.<br>
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At 7:00 a.m. ET, Dow E-minis were down 14 points, or 0.03%,<br>
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S&P 500 E-minis were up 2 points, or 0.03% and Nasdaq 100 <br>
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E-minis were down 9.75 points, or 0.05%.<br>
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Among early individual movers, Zscaler fell 7.7% in premarket trading after analysts noted <br>
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that the cybersecurity firm's second-quarter revenue forecast failed to impress.<br>
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Tesla slipped 1.2% after the automaker's sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, <br>
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data from the China Passenger Car Association showed.<br>
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U.S. Steel shed 9.4% after Trump reiterated his opposition to Nippon Steel's planned <br>
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$15 billion the purchase of the company.<br>
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Live Nation shares fell 7.1% after the concert promoter launched <br>
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an offering of $1 billion in convertible senior notes.<br>
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(Reporting by Shashwat Chauhan and Purvi Agarwal in Bengaluru; Editing <br>
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by Maju Samuel)<br>
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Tesla slips after its China