US stocks look set to open mixed Tuesday as inflation data released earlier in the morning came in lower than expected.

Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were up marginally at 0.03%, and Nasdaq futures were rising 0.2%.

Oil prices were moving higher, with front-month global benchmarks North Sea Brent crude up 1.2% at $65.76 per barrel and US West Texas Intermediate crude up 1.4% at $62.83 per barrel.

In other world markets, Japan's Nikkei surged 1.4%, Hong Kong's Hang Seng tumbled 1.9%, and China's Shanghai Composite was up 0.2%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.01%, while Germany's DAX gained 0.2%, France's CAC 40 increased 0.2%, and Spain's IBEX 35 rose 1%.

Annual inflation in April measured by the consumer price index slowed to 2.3% from 2.4% in March, while analysts expected the CPI to remain unchanged, according to Bloomberg. And monthly inflation accelerated to 0.2% from a decline of 0.1% the previous month, which was just below the analyst forecast of 0.3%

In equities, shares of Lobo EV Technologies (LOBO) soared 143%, adding to a 7.4% gain on Monday. CNS Pharmaceuticals (CNSP) shares shot up 103% after it said Tuesday it has successfully acquired Orphan Drug Designation for TPI 287, which treats gliomas, pediatric neuroblastoma, and progressive supranuclear palsy. Lichen International's (LICN) stock surged 66%, adding to a 5.1% gain the previous session. Landsea Homes (LSEA) advanced 60% after it agreed to be acquired by Apollo Global Management (APO) for $1.2 billion in cash. And shares of XChange TEC.INC (XHG) climbed 33%, adding to an 18% gain on Monday.

On the losing side, shares of Sangoma Technologies (SANG) shed 27% adding to a 2.4% loss the previous session. Shares of 3D Systems Corporation (DDD) tumbled 28% after it reported late Monday a wider Q1 loss and lower revenue from a year earlier that also missed analyst expectations. Accelerate Diagnostics' (AXDX) stock dropped 15% after it said in a regulatory filing late Monday that it has been delisted from the Nasdaq stock market because it filed for bankruptcy last week. GIBO Holdings' (GIBO) stock dropped 10%, piling on to a 26% loss the previous session. And shares of Marwynn (MWYN) were down 12%, eating into Monday's 24% gain.