09:12 AM EST, 02/05/2025 (MT Newswires) -- US equity futures were falling ahead of Wednesday's opening bell, with futures of technology-heavy Nasdaq Composite leading the losses after earnings from sector majors Alphabet (GOOG, GOOGL) and Advanced Micro Devices ( AMD ) .

The Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures fell 0.4%, and Nasdaq futures were down 0.7%.

Oil prices fell, with front-month global benchmark North Sea Brent crude down 1.1% at $75.36 per barrel and US West Texas Intermediate crude down 1.1% at $71.89 per barrel.

The ADP Institute's Employment Report, released at 8:15 am ET, showed a 183,000 increase in private payrolls for January versus a 176,000 gain a month earlier, compared with estimates compiled by Bloomberg for a 150,000 rise.

US trade deficit, released at 8:30 am ET, widened to $98.43 billion in December from $78.94 billion previously, compared with estimates for a $96.8 billion gap.

The Institute for Supply Management's Services index, scheduled for 10 am ET, is seen coming in at 54.2 for January versus 54.1 previously.

In other world markets, Japan's Nikkei closed 0.09% higher, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.7% lower. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index flatlined in Europe's early afternoon session.

In equities, Alphabet shares were down 7% pre-bell after the company reported late Tuesday Q4 revenue that trailed analysts estimates. Meanwhile, AMD stock was 10% lower after the chipmaker overnight reported weaker-than-expected data center sales for Q4 and warned of a sequential decline in revenue for Q1.

On the winning side, Novo Nordisk ( NVO ) shares were up 4% after the company reported higher Q4 earnings and sales. Pasithea Therapeutics ( KTTA ) stock was 58% higher after the company said it received a positive recommendation from a safety review committee for its ongoing phase 1 trial of PAS-004 in advanced cancer to advance to the next dose cohort.