07:12 AM EDT, 09/20/2024 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Friday, as traders assessed values after recent rallies and weighed soft earnings reports from FedEx (FDX) and automaker Mercedes Benz.

FedEx declined 13.6% pre-bell after delivery services colossus, considered an economic bellwether, reported weaker-than-expected fiscal Q1 earnings and tempered its full-year guidance, late Thursday.

German auto giant Mercedes Benz fell 6.7% midday in Europe after reducing full-year profit outlooks, citing soft China sales.

In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.4% and the Dow Jones was up 0.1%.

Asian exchanges traded mostly higher overnight, with Tokyo gaining after the Bank of Japan held its key interest rate steady, forsaking a hike.

European bourses tracked moderately lower midday on the continent.

On the economic calendar is the Baker Hughes domestic oil-and-gas rig count at 1 pm ET.

Federal Reserve President Patrick Harker speaks at 2 pm ET.

In premarket action, Bitcoin traded at $63,488, West Texas Intermediate crude oil traded lower at $70.82, and 10-year US Treasuries offered 3.73%. Spot gold traded for $2,609 an ounce.