08:00 AM EDT, 06/04/2024 (MT Newswires) -- US equity futures were lower Tuesday amid signs of weaker economic growth.

Dow Jones Industrial Average futures were down 0.3%, S&P 500 futures were down around 0.3%, and Nasdaq futures down 0.3%.

Data released Monday by the Institute for Supply Management showed the US manufacturing index fell to 48.7 in May from 49.2 in April, below estimates compiled by Bloomberg for a 49.6 print.

Oil prices fell, with front-month global benchmarks North Sea Brent crude down 1.5% at $77.16 per barrel and US West Texas Intermediate crude down 1.8% at $72.88 per barrel, after the Organization of the Petroleum Exporting Countries and their allied producers agreed to begin tapering off the group's production cuts.

Factory orders, scheduled for release at 10 am ET, are expected to rise 0.7% in April versus March's 1.6% gain, according to estimates compiled by Bloomberg.

Job openings based on the Labor Department's Job Openings and Labor Turnover Survey, also due at 10 am ET, are expected to have slowed to an 8.37 million rate in April from March's 8.488 million.