07:04 AM EDT, 06/26/2024 (MT Newswires) -- Wall Street futures pointed choppily higher pre-bell Wednesday, as tech issues regained favor with traders and after bellwether business indicator Federal Express (FDX) reported solid earnings late Tuesday.

In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.2% and the Dow Jones was off 0.1%.

Asian exchanges traded mostly higher overnight on strength in tech issues, with a fresh all-time high set in Mumbai. European bourses tracked marginally higher midday on the continent.

FedEx (FDX) rose 14.3% pre-bell after the delivery giant posted upbeat Q4 results, guidance, and a stock buyback program, late Tuesday.

Rivian Automotive (RIVN) gained 38% pre-bell after the EV maker disclosed a joint venture with Volkswagen and a $5 billion investment from the German automaker.

Paychex (PAYX) and General Mills (GIS) plan to report earnings pre-bell, among others. Micron Technology (MU) reports after the close.

On the economic calendar, the new homes sales bulletin for May posts at 10 am ET, followed by the weekly EIA domestic oil inventories report at 10:30 am.

The Atlanta Federal Reserve Survey of Business Uncertainty for June is scheduled for 11 am.

In pre-market action, Bitcoin traded at $61,280, West Texas Intermediate crude oil traded higher at $81.59, and 10-year US Treasuries offered 4.28%. Spot gold traded for $2,309 an ounce.