07:14 AM EDT, 07/23/2024 (MT Newswires) -- US equity futures were mostly pointing lower before Tuesday's open as traders prepare for another round of earnings from major companies.

The Standard & Poor's 500 edged down 0.1% and the Nasdaq was off 0.2% in premarket activity, while the Dow Jones Industrial Average was slightly in the green. Asian exchanges were mixed to lower while European bourses were heading north midday on the continent.

Shares of Cadence Design Systems ( CDNS ) decreased 1.1% pre-bell despite the computational software company's better-than-expected second-quarter results. NXP Semiconductors ( NXPI ) dropped 8.5% after the Dutch chipmaker issued a downbeat third-quarter outlook at the midpoint.

Coca-Cola (KO), Danaher ( DHR ) , GE Aerospace (GE), Philip Morris International ( PM ) , Comcast ( CMCSA ) , United Parcel Service ( UPS ) , Lockheed Martin ( LMT ) , Spotify Technology ( SPOT ) and General Motors ( GM ) report their latest financial results before the bell, among others. Alphabet (GOOG, GOOGL), electric-vehicle maker Tesla (TSLA) and credit card giant Visa (V) post earnings after market close.

On the economic calendar, the existing home sales report for June is out at 10 am ET, along with the Richmond Fed Manufacturing Index for July.

Before the opening bell, bitcoin declined 1.6% to $66,894, West Texas Intermediate crude slipped 0.3% to $78.15 a barrel, yields on 10-year Treasuries retreated 3.2 basis points to 4.227% and gold gained 0.6% to $2,409 an ounce.