08:51 AM EDT, 07/25/2024 (MT Newswires) -- US equity futures were narrowly mixed ahead of Thursday's opening bell as traders digested readings on the US economy, including Q2 growth data.

Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures slipped 0.2%, and Nasdaq futures were down 0.3%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $80.55 per barrel and US West Texas Intermediate crude down 1.4% at $76.49 per barrel.

Q2 gross domestic product, released at 8:30 am ET, improved to a 2.8% annualized growth rate versus 1.4% in Q1 and compared with estimates compiled by Bloomberg for a smaller 2% gain.

New orders for durable goods unexpectedly dropped by 6.6% in June following a 0.1% uptick in May versus estimates for a 0.3% gain. Meanwhile, new unemployment claims fell to 235,000 in the week ended July 20 from 245,000 claims in the prior week, compared with estimates for a smaller drop to 238,000.

In other world markets, Japan's Nikkei closed 3.3% lower, Hong Kong's Hang Seng ended 1.8% lower, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 fell 0.5% and Germany's DAX index dropped 1.2% in Europe's early afternoon session.

In equities, Ford Motor ( F ) shares were down 13% pre-bell after the automaker posted Q2 adjusted earnings that trailed analysts' estimates. Southwest Airlines ( LUV ) shares fell 5% after the carrier reported lower Q2 adjusted earnings.

On the winning side, IBM ( IBM ) shares increased 3.3% after the company posted higher Q2 adjusted profit and revenue that beat Street projections. Hasbro ( HAS ) shares rose 7% after posting Q2 results that beat estimates.