09:01 AM EDT, 06/04/2024 (MT Newswires) -- US equity futures were in negative territory ahead of Tuesday's opening bell as signs of weaker economic growth weighed on investor sentiment.

Dow Jones Industrial Average futures declined 0.2%, S&P 500 futures fell 0.3%, and Nasdaq futures were down 0.2%.

Data released Monday by the Institute for Supply Management showed the US manufacturing index fell to 48.7 in May from 49.2 in April, below estimates compiled by Bloomberg for a 49.6 print.

Oil prices fell, with front-month global benchmarks North Sea Brent crude down 1.5% at $77.17 per barrel and US West Texas Intermediate crude down 1.6% at $73.00 per barrel, after the Organization of the Petroleum Exporting Countries and their allied producers agreed to begin tapering off the group's production cuts.

Factory orders, scheduled for release at 10 am ET, are expected to rise 0.7% in April versus March's 1.6% gain, according to estimates compiled by Bloomberg.

Job openings based on the Labor Department's Job Openings and Labor Turnover Survey, also due at 10 am ET, are expected to have slowed to an 8.37 million rate in April from March's 8.488 million.

In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.2% higher, and China's Shanghai Composite finished 0.4% higher. Meanwhile, UK's FTSE 100 fell 0.3%, and Germany's DAX index was down 0.7% in Europe's early afternoon session.

In equities, shares of Snowflake (SNOW) were 1.5% higher pre-bell after the company teamed up with Nvidia ( NVDA ) on customized AI data applications. Core Scientific ( CORZ ) stock was more than 33% higher after the company said overnight it secured deals to provide 200 megawatts of computing infrastructure to CoreWeave. Annexon ( ANNX ) shares were up 33% after the company said a phase 3 study for its treatment candidate for Guillain-Barre syndrome, a neurological disease, met its primary endpoint.

On the losing side, Trip.com ( TCOM ) shares were nearly 4% lower after the company unveiled plans for a $1.3 billion notes offering.