07:41 AM EDT, 06/04/2024 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Tuesday as traders weighed recent economic reports suggesting widening softness in the US economy.

The Atlanta Federal Reserve's GDPNow forecast of real gross domestic product growth for Q2 was posted at 1.8% on Monday, down from 2.7% the previous week.

In the futures, the S&P 500 was down 0.4%, the Nasdaq declined 0.5% and the Dow Jones was off 0.4%.

Yields on benchmark 10-year US Treasuries eased to under 4.4% in premarket activity. Crude oil prices were also softer, partly amid OPEC's plans to increase output.

Asian exchanges traded mostly lower overnight, with Mumbai reversing Monday's gains on unfolding election results. Hong Kong and Shanghai edged higher on stronger property issues.

European bourses tracked moderately south midday on the continent.

Bath & Body Works (BBWI) reported higher fiscal Q1 adjusted earnings and lower net sales pre-bell, while Ferguson (FERG) posted higher fiscal Q3 non-GAAP earnings and revenue. CrowdStrike (CRWD) and Hewlett Packard (HPE) are among the companies reporting their financial results after-bell.

On the economic calendar are the April factory orders report at 10 am and the Job Openings and Labor Turnover Survey.

In premarket activity, Bitcoin traded at $68,868, West Texas Intermediate crude oil traded lower at $72.72, and 10-year US Treasuries offered 4.38%. Spot gold traded for $2,333 an ounce.