US stocks look set to open lower in Monday's trading session as investors brace for President Donald Trump's "Liberation Day" tariff announcements on Wednesday. Key manufacturing data is also set for release later in the morning.

Dow Jones Industrial Average futures were falling 0.63%, S&P 500 futures were down 0.92%, and Nasdaq futures were moving 1.27% lower.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.34% and 0.39%, respectively.

In other world markets, Japan's Nikkei cratered 4.05%, Hong Kong's Hang Seng shed 1.31%, and China's Shanghai Composite was down 0.46%. Meanwhile, in Europe's early afternoon session, the UK's FTSE 100 dropped 1.39%, Germany's DAX fell 1.81%, and France's CAC 40 lost 1.84%.

In equities, shares of Citius Oncology (CTOR) jumped 64%, adding to a 1.5% gain the previous session. Newton Golf Company (NWTG) shares surged 52% after it reported record 2024 revenue growth Monday. 1stdibs.Com's (DIBS) stock advanced 32%, adding to a marginal gain on Friday. Mr. Cooper Group (COOP) shares were up 25% after the company agreed to be acquired by Rocket (RKT) in an all-stock deal worth $9.4 billion, and HomeStreet's (HMST) stock climbed 10% after the company and Mechanics Bank said they have agreed to merge in an all-stock deal.

On the losing side, shares of Damon Inc. (DMN) plunged 50%, extending a 23% loss on Friday. Vaxcyte (PCVX) shares tumbled 32% after reporting topline results Monday from a phase 2 study of VAX-24 to prevent invasive pneumococcal disease in healthy infants. authID's (AUID) stock shed 22% after it priced an approximately $8.2 million registered direct offering at $4.50 per share or pre-funded warrant. Marblegate Acquisition (GATE) shares dropped 18%, piling on to a 20% loss on Friday, and shares of Marwynn (MWYN) fell 19% after losing 5% on Friday.