09:06 AM EDT, 06/14/2024 (MT Newswires) -- US equity futures fell pre-bell 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 0.2%.

On 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 0.6% at $83.25 per barrel and US West Texas Intermediate crude up 0.5% at $78.98 per barrel.

Import prices, released at 8:30 am ET, fell 0.4% in May, compared with estimates compiled by Bloomberg for a 0.1% downtick; while export prices declined 0.6% versus estimates for a 0.1% gain.

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.

In other world markets, Japan's Nikkei closed 0.2% higher, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, UK's FTSE 100 declined 0.03% and Germany's DAX index fell 1.1% in Europe's early afternoon session.

In equities, shares of Adobe (ADBE) were 15% higher pre-bell after the company reported fiscal Q2 results that topped analysts' estimates and lifted its full-year earnings outlook. Molecular Partners ( MOLN ) shares increased 12% after the company said that preclinical studies demonstrated the potential of MP0621 as a next-generation therapeutic supporting hematopoietic stem cell transplantation for the treatment of acute myeloid leukemia.

On the losing side, QXO (QXO) shares slumped 43% after the company agreed to a $3.5 billion private placement of common shares and warrants. MSC Industrial Direct Co. ( MSM ) shares were down 7% after the company reported preliminary fiscal Q3 results that trailed analysts' estimates. RH (RH) shares fell 14% after the company reported weaker fiscal Q1 results.