08:23 AM EDT, 06/14/2024 (MT Newswires) -- US equity futures were lower Friday as traders digested Thursday's May producer prices index report.

Dow Jones Industrial Average futures fell 0.8%, S&P 500 futures declined 0.5%, and Nasdaq futures were down 0.3%.

Thursday, the Bureau of Labor Statistics reported producer prices unexpectedly fell 0.2% in May, compared with estimates compiled by Bloomberg for a 0.1% gain.

Oil prices were little changed, with front-month global benchmark North Sea Brent crude up 0.5% at $83.13 per barrel and US West Texas Intermediate crude up 0.2% at $78.81 per barrel.

Import prices and export prices, scheduled for release at 8:30 am ET, are both expected to be unchanged in May, according to estimates compiled by Bloomberg.

Consumer sentiment, due at 10 am ET, is expected to come in at 72.1 in the preliminary reading for June versus 69.1 in May.