Earnings, Trade, Geopolitics Blunt Wall Street Pre-Bell; Asia, Europe Off

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Earnings, Trade, Geopolitics Blunt Wall Street Pre-Bell; Asia, Europe Off

, MT Newswires - 7:10 AM ET 3/21/2025 default

07:10 AM EDT, 03/21/2025 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Friday after soft earnings reports overnight, and as traders mulled international trade and geopolitical tensions.

In the futures, the S&P 500 fell 0.4%, the Nasdaq declined 0.5% and the Dow Jones was off 0.3%.

Asian exchanges traded mostly lower overnight, while European bourses tracked moderately south midday on the continent.

FedEx ( FDX ) was down 7.8% pre-bell after the delivery service -- considered an economic bellwether -- cut guidance late Wednesday.

Nike ( NKE ) traded down 5.9% pre-bell after the athletic gear-maker reported declines in fiscal Q3 sales and earnings late Wednesday.

Carnival (CCL, CUK) is scheduled to report earnings pre-bell, among others.

On the economic calendar is the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm ET.

New York Federal Reserve President John Williams speaks at 9:05 am.

In pre-market action, Bitcoin traded at $84,025, West Texas Intermediate crude oil traded lower at $67.83, and 10-year US Treasuries offered 4.22%. Spot gold traded for $3,039 an ounce.

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