Source: Sharecast
As of 1240 BST, Dow Jones futures were down 0.35%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.46% and 0.61% weaker, respectively.
The Dow closed 54.34 points higher on Friday despite Donald Trump claiming that China had violated their preliminary trade agreement, reviving fears that the US may be on the brink of a protracted trade war.
Following Trump's claims, Beijing went so far as to blame Washington for failing to uphold its end of the deal struck by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Geneva, where the pair agreed to a 90-day suspension of the majority of tariffs.
However, National Economic Council director Kevin Hassett indicated over the weekend that Donald Trump and Chinese President Xi Jinping could possibly have a conversation regarding trade before the end of the week.
Trump's tariffs were mostly struck down by the Court of International Trade last week, with the US court ordering the White House to stop collecting duties. Although, a day later, a federal appeals court granted Washington's request to temporarily pause that ruling. Also worth noting was news that Trump told American steelworkers that he would be doubling tariffs on steel imports to 50%, with effect from 4 June.
On the macro front, S&P Global's May manufacturing PMI will be out at 1445 BST, while last month's Institute for Supply Management manufacturing PMI will follow at 1500 BST, as will April construction spending figures.
Federal Reserve chairman Jerome Powell will deliver a speech at 1800 BST.
Reporting by Iain Gilbert at Sharecast.com