07:23 AM EDT, 06/27/2024 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Thursday, after a soft profits outlook issued late Wednesday by semiconductor-maker Micron Technology (MU) threw cold water on the tech sector.

In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.2% and the Dow Jones was off 0.2%.

Asian exchanges traded mostly lower overnight after a soft factory profits report from Beijing, and on sluggish tech issues. European bourses edged lower midday on the continent.

Micron Technology traded down 5.8% pre-bell, while peer Nvidia (NVDA) lost 1.5% in morning trades.

McCormick (MKC, MKC.V) traded modestly higher pre-bell after the spice and flavors giant reported earnings, and reaffirmed its sales and adjusted EPS fiscal year outlook.

Acuity Brands (AYI) fell 4% pre-bell after reporting quarterly results.

Walgreens Boots Alliance (WBA) also plans to report earnings pre-bell.

On the economic calendar is the weekly jobless claims bulletin, the durable goods orders for May, the final Q1 GDP report, the Q1 corporate profits report, and the May international trade in goods report, all at 8:30 am ET.

Also, the May retail and wholesale inventories bulletins post at 8:30 am.

The pending home sales index for May posts at 10 am, and the weekly EIA domestic natural gas supplies bulletin at 10:30 am.

The Kansas City Fed Manufacturing Index for June posts at 11 am.

In pre-market action, Bitcoin traded at $61,247, West Texas Intermediate crude oil traded higher at $81.23, and 10-year US Treasuries offered 4.33%. Spot gold traded for $2,324 an ounce.