07:27 AM EDT, 07/25/2024 (MT Newswires) -- The benchmark US stock measures continued to trend downwards before the opening bell Thursday as traders await more corporate earnings and key economic data.

Standard & Poor's 500 declined 0.2%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.4% in premarket activity. Asian and European exchanges were tracking in the red.

Shares of International Business Machines ( IBM ) gained 4.4% pre-bell after the computer and software giant's second-quarter earnings beat estimates. ServiceNow ( NOW ) advanced 6.7% after reporting second-quarter results above market estimates. Ford Motor ( F ) fell 13% as its quarterly earnings missed analysts' expectations. Chipotle Mexican Grill ( CMG ) was up 3.4% following an upbeat second-quarter report.

AbbVie ( ABBV ) , Union Pacific ( UNP ) , Honeywell International ( HON ) , RTX (RTX), Northrop Grumman ( NOC ) , Carrier Global ( CARR ) , Keurig Dr Pepper ( KDP ) , Royal Caribbean Cruises ( RCL ) , Dow (DOW), Willis Towers Watson ( WTW ) , Southwest Airlines ( LUV ) , Hasbro ( HAS ) and American Airlines ( AAL ) are scheduled to report their latest financial results before the bell, among others.

L3Harris Technologies ( LHX ) and DexCom ( DXCM ) post earnings after market close.

On the economic calendar, the initial estimate for second-quarter gross domestic product, weekly jobless claims, June reports for durable goods orders, international trade in goods, retail inventories, and wholesale inventories are all due at 8:30 am ET.

The weekly EIA domestic natural-gas supplies report is due at 10:30 am, followed by July's Kansas City Fed Manufacturing Index at 11 am.

Before the bell, bitcoin fell 2.6% to $64,143, West Texas Intermediate crude oil slipped 1.7% to $76.29 a barrel, yields on 10-year Treasuries dropped 6.5 basis points to 4.22% and gold slid 1.6% to $2,377 an ounce.