08:18 AM EST, 12/30/2024 (MT Newswires) -- US equity futures were lower Monday as traders turned risk-averse in the penultimate trading session of 2024.

The Dow Jones Industrial Average futures slipped 0.8%, S&P 500 futures declined 1%, and Nasdaq futures were down 1.1%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $73.97 per barrel and US West Texas Intermediate crude 0.3% higher at $70.83 per barrel.

The Chicago Fed Purchasing Managers' index, scheduled for release at 9:45 am ET, is expected to rise to 42.7 in December from 40.2 level in the previous month, according to estimates compiled by Bloomberg.

Forecasters see pending home sales, due at 10 am ET, rising by 0.9% in November following a 2% increase in October.