08:55 AM EDT, 08/25/2025 (MT Newswires) -- Traders pulled back from Friday's record-setting rally pre-bell Monday, with equity futures down amid continuing concerns about the impact of White House tariffs on inflation.

Dow Jones futures were down 0.2%, while S&P 500 futures slipped 0.2%, and Nasdaq futures fell 0.3% in the premarket session.

Oil prices advanced, with front-month North Sea Brent crude up 0.7% to $68.18 per barrel and US West Texas Intermediate crude 0.8% to $64.14 per barrel.

In other world markets, Japan's Nikkei closed 0.4% higher, Hong Kong's Hang Seng ended 1.7% higher, and China's Shanghai Composite finished 1.5% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.

Fed chairman Jerome Powell's hint last week of a possible rate cut buoyed US markets, but inflationary worries persisted, with expectations tempered by concerns over price increases and tariff news.

This week, an exemption allowing shipments of goods worth $800 or less to enter the US duty free is set to expire, heightening concerns about consumer prices.

Traders also absorbed Trump's declaration in a Truth Social post late Friday that his administration will launch an investigation into furniture imports in anticipation of possible tariffs on the sector.

On the economic calendar, the Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.19 in July from minus 0.18 in June.

After the opening bell, the report on July home sales and the latest Dallas Fed Manufacturing Survey tracking Texas factory activity are set to be released.

In equities, shares of EV maker NIO (NIO) were up 5% pre-bell, continuing a rally ignited by the launch of new SUV models on Friday. PDD (PDD) shares were up premarket after the Chinese logistics firm's Q2 earnings and revenue beat analyst expectations.

Among losers, Opendoor ( OPEN ) shares declined 5% amid profit-taking following a rally last week. Shares of Ethereum-focused Bitmine Immersion ( BMNR ) were down more than 3% amid a broad pullback in digital currencies.