(For a Reuters live blog on US, UK and European stock markets,

click or type LIVE/ in a news window)

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Futures down: Dow 0.59%, S&P 500 0.76%, Nasdaq 0.91%

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Berkshire Hathaway falls after Greg Abel named CEO,

Buffett to

remain chairman

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ISM services sector data due at 10 a.m. ET

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Gold stocks shine tracking higher bullion prices

(Updates with details on data, commodity stocks)

By Purvi Agarwal and Johann M Cherian

May 5 (Reuters) - U.S. stock index futures fell on

Monday after President Donald Trump reignited concerns about the

effects of a global trade war by introducing new tariffs, while

markets awaited the Federal Reserve's monetary policy decision

this week.

On Sunday, Trump announced a 100% tariff on movies produced

outside the U.S. but offered little clarity on how the levies

would be implemented.

Movie and television production companies that film overseas

fell in premarket trading. Netflix ( NFLX ) was down 4.7% and

Amazon.com ( AMZN ) fell 1.5%, while Walt Disney ( DIS ) and

Warner Bros. Discovery ( WBD ) were off about 2.2% each.

Among other stocks, class B shares of Warren Buffett's

Berkshire Hathaway fell 2.2% after the investor said he

will step down as CEO of the conglomerate.

At 07:07 a.m. ET, Dow E-minis were down 246 points,

or 0.59%, S&P 500 E-minis were down 43.25 points, or

0.76%, and Nasdaq 100 E-minis were down 183.25 points,

or 0.91%.

Markets heaved a sigh of relief last week on signs of easing

trade tensions between the U.S. and China, amid a tit-for-tat

tariff policy that has rattled global financial markets of late.

On Friday, the S&P 500 notched its ninth session of gains, a

streak last seen in 2004.

This week, the spotlight will be on the U.S. Federal

Reserve, which is widely expected to keep interest rates on

hold. Commentary from central bank policymakers will be in focus

to gauge their approach to monetary policy easing this year amid

tariff impacts.

Data last week showed the world's biggest economy contracted

in the first quarter, for the first time since 2022, as traders

rushed to import goods before tariffs kicked in, raising worries

about slowing growth despite the labor market's strength.

"The resilience of the April jobs data will make it easier

to wave off the perverse negative print in last week's GDP

report, leaving the Fed firmly ... in wait-and-see mode this

week," Wrightson ICAP analysts said.

Later on Monday, traders will assess an ISM report, with

economists polled by Reuters expecting non-manufacturing

activity to have slowed marginally from the previous month, but

still remaining in expansion territory.

Traders are pricing in 25 basis points of easing only by

July, and see a total of 116 points of cuts by the end of the

year, according to data compiled by LSEG.

Investor attention will be on how companies are navigating

tariff-induced uncertainty.

Freshpet ( FRPT ) fell 2.9% after the pet food maker lowered

its annual sales forecast, while chipmaker Onsemi was

down 1.7% ahead of its quarterly report. Carmaker Ford and

data analytics firm Palantir ( PLTR ) are scheduled to report

after markets close.

U.S.-listed shares of gold miners such as Gold Fields Ltd

and Anglogold Ashanti ( AU ) added 6% and 5.4%, tracking

a 2.3% rise in prices of the yellow metal.

Energy stocks such as Chevron ( CVX ) and Exxon fell

about 1% each as crude prices declined on anticipation of

increased supply by OPEC+ countries.