07:14 AM EDT, 03/21/2025 (MT Newswires) -- The benchmark US stock measures were trending downwards before Friday's open as tariff-related volatility continues to weigh on market sentiment.

Standard & Poor's 500 and the Nasdaq declined 0.2% each in premarket activity while the Dow Jones Industrial Average was off 0.3%. Asian exchanges were mixed to lower while European bourses were tracking in the red midday on the continent.

Shares of Nike ( NKE ) fell 5.8% pre-bell as the sportswear giant flagged revenue and gross margin declines in the ongoing quarter amid tariff impact and its turnaround efforts. Micron Technology ( MU ) was down 3.7% as the technology company released its latest quarterly results.

FedEx's ( FDX ) stock dropped 8.3% as the parcel delivery giant cut its earnings outlook. Lennar ( LEN ) decreased 2.8% as the homebuilder reported its latest quarterly results.

Carnival (CCL, CUK), Nio (NIO) and Miniso ( MNSO ) report their latest financial results before the bell, among others.

On Friday's thin economic calendar, the weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET. Federal Reserve Bank of New York President John Williams is scheduled to speak at 9:05 am.

Before the opening bell, bitcoin edged down 0.1% to $84,147, West Texas Intermediate crude oil moved down 0.4% to $67.78 a barrel, yields on 10-year Treasuries retreated 1.2 basis points to 4.22% and gold nudged down 0.2% to $3,039 an ounce.