09:17 AM EDT, 03/27/2026 (MT Newswires) -- US stocks look set to open lower in Friday's trading session, as President Donald Trump's deadline extension for Iran to reopen the Strait of Hormuz has failed to boost investor confidence.

The Dow Jones Industrial Average futures were down 0.6%, S&P 500 futures were declining 0.6%, and Nasdaq futures were 1% lower.

Oil prices were moving sharply higher, with front-month global benchmarks Brent crude rising 2.6% to $104.5 a barrel, while West Texas Intermediate crude was up 3.2% to $97.42 a barrel.

The University of Michigan consumer sentiment report for March, which tracks current and future economic conditions, will be released at 10 am ET. The reading is expected to fall to 54 from 55.5 the previous month, according to analysts polled by Bloomberg.

The Baker Hughes domestic oil-and-gas rig count, which gauges the oil drilling industry, will be announced at 1 pm ET.

In other world markets, Japan's Nikkei was off 0.4%, Hong Kong's Hang Seng rose 0.4%, and China's Shanghai Composite was up 0.6%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was down 0.4%, Germany's DAX was falling 1.3%, and France's CAC was moving 0.9% lower.

In equities, VisionSys AI ( VSA ) shares surged 41%, after soaring 140% Thursday. Unity Software ( U ) shares rose 16% after it increased its Q1 revenue guidance. Shares of Legence ( LGN ) advanced 10% after raising its 2026 outlook the previous session.

On the losing side, Shares of Datacentrex ( DTCX ) plunged 32% after it priced late Thursday a public offering of common shares and pre-funded warrants at $2 per security. Southland (SLND) shares tumbled 29% after it reported Q4 earnings that missed analyst forecasts, according a survey conducted by FactSet. Zenas BioPharma ( ZBIO ) dropped 11% after it priced a $200 million offering of 2.50% convertible senior notes due 2032 and a separate equity offering of 5 million shares at $20 per share.