Wall Street is priming for a moderately lower opening on Tuesday after soft data helped the tech-heavy Nasdaq Composite close at another record high in the first trading session of the year's second half. The market is currently at the mercy of two catalysts – interest rate and earnings outlook, LPL Chief Investment OfficerJohn Lynch.Therefore, traders may focus on each incoming evidence to make sense of its implication for rates.

In Tuesday's session, the spotlight is likely to be on bond yields, the results of the JOLTS report and monthly sales from automakers, includingTesla, Inc....