07:36 AM EDT, 04/12/2024 (MT Newswires) -- US equity futures were pointing lower before Friday's opening bell as investors weigh first-quarter earnings reports from banking heavyweights JPMorgan Chase (JPM), which saw earnings and revenue increase, while Wells Fargo (WFC) reported a profit decline on higher revenue.

The S&P 500 futures declined 0.4%, the Nasdaq was off 0.5% and the Dow Jones Industrial Average nudged down 0.3% in premarket activity. The majority of Asian exchanges were trending south, while European bourses were tracking in the green.

Progressive (PGR), BlackRock (BLK) and State Street (STT) report their latest financial results early Friday, among others.

Apple (AAPL) decreased 0.6% pre-bell after the iPhone maker increased 4.3% at the close of Thursday's session, following media reports that it plans to overhaul its Mac products with artificial intelligence-focused chips. Tesla (TSLA) slipped 1% while Rivian Automotive (RIVN) declined 0.9%.

On the economic calendar, the import and export prices report for March posts at 8:30 am ET, followed by the preliminary University of Michigan consumer sentiment report for this month at 10 am. The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for a 1 pm release.

Federal Reserve Bank of Kansas City President Jeffrey Schmid is set to speak at 1 pm, while Atlanta Fed President Raphael Bostic speaks at 2:30 pm. San Francisco President Mary Daly is slated to speak at 3:30 pm.

Before the open, bitcoin traded up 0.7% at $70,800, West Texas Intermediate crude inclined 1.3% to $86.12 a barrel, yields on 10-year Treasuries dropped 4 basis points to 4.54% and gold rose 1.9% to $2,417 an ounce.