06:17 AM EST, 12/19/2024 (MT Newswires) -- Wall Street futures were edging higher hours before Thursday's market open, potentially recovering from declines that followed the US central bank's 2025 outlook.

The US Federal Reserve lowered its benchmark lending rate by 25 basis points, as projected, but hinted at fewer rate cuts as it takes a more cautious approach next year.

In the futures, the S&P 500, the Nasdaq and the Dow Jones were all up about 0.4% pre-bell.

Asian markets closed in the red, while most bourses in Europe are leaning lower midday.

Early movers include Micron Technology (MU), which was down more than 15% in premarket activity after reporting overnight fiscal Q2 earnings and revenue guidance that missed the market's expectations.

Accenture (ACN), Nike (NKE), Cintas (CTAS), FedEx (FDX) and Paychex (PAYX) are among the companies releasing quarterly results within the day.

On the economic calendar, GDP and jobless claims are set for release at 8:30 am ET, followed by existing home sales at 10 am.

The Philadelphia Fed Manufacturing Index will be announced at 8:30 am, the EIA Natural Gas Report at 10:30 am, the Treasury International Capital at 4 pm, and the Fed balance sheet at 4:30 pm.

Also in premarket hours, Bitcoin traded at $102,337.36, West Texas Intermediate crude oil traded lower at $70.56, and 10-year US Treasuries offered 4.52%. Spot gold traded for $2,622.51 an ounce.