08:59 AM EDT, 04/01/2025 (MT Newswires) -- US equity futures fell ahead of Tuesday's opening bell as traders monitored developments surrounding President Donald Trump's tariff policy.

Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures fell 0.5%, and Nasdaq futures were also down 0.5%.

The White House is expected to unveil an extensive reciprocal tariff policy on Wednesday.

Oil prices slipped, with front-month global benchmark North Sea Brent crude down 0.2% at $74.65 per barrel and US West Texas Intermediate crude also 0.2% lower at $71.37 per barrel.

The Purchasing Managers' Manufacturing index, scheduled for release at 9:45 am ET, is seen coming in at 49.8 in March versus 52.7 in February, according to estimates compiled by Bloomberg.

The Institute for Supply Management Manufacturing index, due at 10 am ET, is expected at 49.5 in March versus 50.3 previously. Construction spending is expected to have gained 0.3% in February, following a 0.2% downtick in January. Forecasters see job openings based on the Labor Department's Job Openings and Labor Turnover Survey coming in at 7.69 million for February compared with January's 7.74 million.

In other world markets, Japan's Nikkei closed 0.02% higher, Hong Kong's Hang Seng ended 0.4% higher, and China's Shanghai Composite finished 0.4% higher. Meanwhile, the UK's FTSE 100 was up 0.8% and Germany's DAX index was 1.3% higher in Europe's early afternoon session.

In equities, Nutex Health ( NUTX ) shares were up 42% pre-bell after the company overnight reported it swung to Q4 earnings amid higher revenue.

On the losing side, Open Lending ( LPRO ) stock was down 19%, a day after the company posted a wider Q4 loss.