08:53 AM EDT, 04/30/2025 (MT Newswires) -- US equity futures were lower before Wednesday's opening bell as traders digested economic data while looking ahead to earnings from Microsoft ( MSFT ) and Meta Platforms ( META ) .

Dow Jones Industrial Average futures slipped 0.8%, S&P 500 futures declined 1.3%, and Nasdaq futures were down 1.8%.

Technology majors Microsoft ( MSFT ) and Meta Platforms ( META ) are scheduled to report earnings after the closing bell.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $62.35 per barrel and US West Texas Intermediate crude 1.5% lower at $59.49 per barrel.

The ADP Institute's employment report, released at 8:15 am ET, showed a 62,000 increase in private payrolls for April versus estimates compiled by Bloomberg for a 115,000 gain.

Q1 gross domestic product, released at 8:30 am ET, showed a 0.3% contraction in the US economy compared with estimates for a 0.2% downtick.

The Personal Consumption Expenditures price index for March, slated for 10 am ET, is expected to be flat, while the core measure is expected to show a 0.1% uptick. Forecasters see pending home sales coming in at a 0.9% gain for March after February's 2% increase.

In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.2% lower. Meanwhile, UK's FTSE 100 fell 0.2%, and Germany's DAX index rose 0.3%, France's CAC 40 gained 0.4%, and Spain's IBEX 35 fell 1.7% in Europe's early afternoon session.

In equities, shares of Seagate Technology ( STX ) were 5.3% higher pre-bell, a day after the company reported higher fiscal Q3 adjusted earnings and revenue. (GSK) stock was up 3% after positing improved Q1 results.

On the losing side, Snap (SNAP) shares retreated 16%, a day after the company said in a letter to investors that it will not provide Q2 guidance given the uncertainty surrounding macro economic conditions. First Solar ( FSLR ) stock was down 12% after the company reported late Tuesday lower Q1 earnings and lowered its 2025 guidance due to the expected impact of new tariffs.