US stocks-Wall St on track for subdued September start as high yields, oil prices dent sentiment

At 8:22 a.m. ET, Dow E-minis YMcv1 shed 329 points, or 0.62%, S&P 500 E-minis EScv1 were down 47.25 points, or 0.61%, and Nasdaq 100 E-minis NQcv1 lost 355.5 points, or 1.20%.

The Labor Department's Job Openings and Labor Turnover Survey, also known as the JOLTS report, will be in focus later in the session, ahead of the more crucial nonfarm payrolls data on Friday.

The reports are expected to be analyzed for clues on the health of the labor market after Federal Reserve Chair Kevin Warsh said taming inflation is the central bank's chief focus.

"The Fed's focus remains squarely on inflation. A (payrolls) report landing near consensus would reinforce the view that the timing of any future policy shift hinges more on the path of price pressures than on the pace of payroll growth," Glenmede's investment strategists wrote.