07:00 AM EDT, 05/30/2024 (MT Newswires) -- US equity markets were pointing lower in Thursday's premarket activity, as investors await key economic data, including the second estimate of the first-quarter gross domestic product report at 8:30 am ET.

Standard & Poor's 500 futures declined 0.4%, the Nasdaq decreased 0.3% and the Dow Jones Industrial Average was off 0.9% before the opening bell. Asian exchanges were tracking in the red, while European bourses were trending upward.

On the economic calendar, in addition to the first-quarter GDP report, is the international trade in goods, retail inventories and wholesale inventories report for April, the weekly jobless claims bulletin and first-quarter corporate profits all at 8:30 am. The National Association of Realtors pending home sales index for April posts at 10 am.

The weekly domestic natural-gas supplies and petroleum inventories reports are scheduled to be released at 10:30 am and 11 am, respectively. Federal Reserve Bank of New York President John Williams is set to speak at 12:05 pm, while Dallas Fed President Lorie Logan speaks at 5 pm.

Salesforce ( CRM ) shares dropped 16% pre-bell after the cloud-based software company offered a downbeat outlook for the ongoing three-month period. UiPath ( PATH ) tanked 30% as the firm lowered its fiscal 2025 revenue outlook and reappointed its former chief executive, Daniel Dines, to the top role. HP (HPQ) gained 5.6% and Okta ( OKTA ) advanced 5.7%.

Dollar General ( DG ) , Hormel Foods ( HRL ) , Best Buy ( BBY ) , Burlington Stores ( BURL ) , Roivant Sciences ( ROIV ) , Kohl's (KSS) and Foot Locker ( FL ) report their latest financial results before the bell, among others. Costco Wholesale ( COST ) , Dell Technologies ( DELL ) , Marvell Technology ( MRVL ) and Ulta Beauty ( ULTA ) post quarterly earnings in the afterhours.

In the premarket, bitcoin traded up 0.8% at $67,882, West Texas Intermediate crude dipped 0.4% to $78.90 a barrel, yields on 10-year Treasuries retreated by 3 basis points to 4.59% and gold declined 0.4% to $2,333 an ounce.