US STOCKS-Wall St set to dip at open on trade woes, tech regulatory fears

* Yields on 10-yr U.S. Treasury fall further
* Google, Amazon slip on regulatory scrutiny
* Futures down: Dow 0.08%, S&P 0.09%, Nasdaq 0.27%

(Adds quote, details; Updates prices)
By Medha Singh and Amy Caren Daniel
June 3 (Reuters) - Wall Street was set to post slight losses
at the open on Monday as trade disputes and fears of regulatory
scrutiny on high-profile companies Alphabet and Amazon weighed
on sentiment.
Mexican officials said the country could reach an agreement
with the Unites States to resolve a dispute over migration that
prompted President Donald Trump to threaten punitive tariffs
last week. "Investors will remain concerned about trade until there is
a resolution, particularly the Mexico situation, which is
capable of being resolved," said Rick Meckler, partner, Cherry
Lane Investments, New Vernon, New Jersey.
Trump's surprise threat of tariffs on Mexico and lingering
investor concerns around the U.S.-China trade war resulted in
Wall Street's main indexes ending May at least 6% lower, their
first monthly decline this year.
Boeing Co BA.N , the largest U.S. exporter to China,
dropped 1.1% in premarket trade.
Trade worries sent investors fleeing to the security of
government bonds, which pushed yields on U.S. two-year notes
toward their biggest two-day fall since 2008, reflecting growing
conviction that the Federal Reserve will start cutting interest
rates to stave off recession. US/
Alphabet Inc GOOGL.O dropped 3.3% after sources said the
U.S. Justice Department is preparing an investigation of the
Google-parent to determine whether the company broke antitrust
laws in operating its sprawling online businesses. Amazon.com AMZN.O slipped 0.6% after a report that the
e-commerce giant could face heightened antitrust scrutiny under
a new agreement between U.S. regulators which puts the company
under the watch of the trade commission. "Big tech has been a favorite of investors and if they
decide that risks from antitrust will take a turn for the worst
for them then that is going to going to have an impact on the
market as a whole," Meckler added.
At 9:04 a.m. ET, Dow e-minis 1YMc1 were down 21 points, or
0.08%. S&P 500 e-minis ESc1 were down 2.5 points, or 0.09% and
Nasdaq 100 e-minis NQc1 were down 19.5 points, or 0.27%.
FedEx Corp shares FDX.N dropped 2.4% after Chinese media
reported that Beijing would investigate whether FedEx damaged
the legal rights and interests of its clients, after telecoms
giant Huawei HWT.UL said parcels intended for it were
diverted. Shares of health insurer Centene Corp CNC.N tumbled 8.4%
after bigger rival Humana Inc HUM.N said it would not make a
proposal to combine with the company. Humana shares rose 3.8%.
Cypress Semiconductor Corp CY.O surged 26.1% after German
chipmaker Infineon Technologies agreed to buy the U.S. peer in a
deal valued at 9 billion euros ($10.1 billion), including debt.
On the economic front, the ISM manufacturing survey, due at
10:00 a.m. ET, is likely to show the reading on the index rose
to 53 in May from 52.8 a month earlier.