07:54 AM EDT, 07/12/2024 (MT Newswires) -- US equity futures mostly edged higher before Friday's open as traders await last month's producer price index report and earnings from some major banks.

The S&P 500 increased 0.1% and the Dow Jones Industrial Average added 0.2%, while the Nasdaq slipped 0.1% in the premarket. Asian exchanges were mixed, while European bourses were trending upwards.

The PPI report is scheduled for an 8:30 am ET release. The data comes after the Bureau of Labor Statistics said Thursday inflation unexpectedly fell last month on a sequential basis while decelerating more than expected annually.

Also on Friday's economic calendar, the preliminary University of Michigan consumer sentiment report for July posts at 10 am, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.

JPMorgan Chase ( JPM ) , Wells Fargo ( WFC ) and Bank of New York Mellon ( BK ) reported their second-quarter earnings before the bell.

JPMorgan Chase ( JPM ) reported second-quarter earnings of $6.12 per diluted share, up from $4.75 a year earlier.

Wells Fargo ( WFC ) earned $1.33 per diluted share in the second quarter, up from $1.25 a year earlier, while revenue rose to $20.69 billion from $20.53 billion a year earlier.

Bank of New York Mellon ( BK ) adjusted earnings in the second quarter totaled $1.51 per diluted share, up from $1.38 a year earlier.

Investors also await earnings from Citigroup ( C ) and Fastenal Company (FAST), among others.

Shares of Tesla (TSLA) were down 2.1% pre-bell after closing Thursday's session with an 8.4% drop, with the electric vehicle maker reportedly pushing back the rollout of its robotaxi project to October from August. Estee Lauder ( EL ) also ticked higher before the bell as the cosmetics company announced the departure of its finance chief.

Before the open, bitcoin decreased 0.7% to $57,113, West Texas Intermediate crude oil rose 1% to $83.41 a barrel, yields on 10-year Treasuries advanced 3.5 basis points to 4.23% and gold declined 0.6% to $2,408 an ounce.