Wall Street futures pointed lower pre-bell Thursday as traders mulled soft tech-sector earnings reports, and the evolving international trade policies from Washington.

In the futures, the S&P 500 fell 1%, the Nasdaq declined 1.2% and the Dow Jones was off 0.8%.

Asian exchanges traded mostly higher overnight, on prospects for greater macroeconomic stimulus from Beijing. European bourses tracked moderately lower midday on the continent.

Marvell Technology (MRVL) traded down 16.1% pre-bell after the semiconductor manufacturer reported strong Q4 earnings and revenue, but tempered guidance for 2025, late Wednesday.

MongoDB (MDB) traded down 18.2% pre-bell after the software developer reported Q4 results late Wednesday, and warned that AI-related revenue growth could be muted due to sluggish adoption by business of AI-tools in 2025.

Kroger (KR) and Venture Global (VG) plan to report earnings pre-bell, among others.

On the economic calendar is the Challenger Job-Cut Report for February at 7:30 am ET, followed by the weekly jobless claims report at 8:30 am ET.

Also posting at 8:30 am is the January international trade in goods and services report and the Q4 productivity and costs bulletin.

The wholesale inventories report for January posts at 10 am, and the weekly EIA natural gas report posts at 10:30 am.

Philadelphia Federal Reserve President Patrick Harker speaks at 8:45 am,
Fed Governor Christopher Waller 3:30 pm and Atlanta President Raphael Bostic at 7 pm.

In premarket action, Bitcoin traded at $91,597, West Texas Intermediate crude oil traded higher at $66.63, and 10-year US Treasuries offered 4.30%. Spot gold traded for $2,899 an ounce.