07:07 AM EDT, 06/24/2024 (MT Newswires) -- The benchmark US stock measures were mostly pointing higher before Monday's opening bell, as traders take positions ahead of the release of a key inflation report later in the week.

Standard & Poor's 500 futures edged up 0.1% and the Dow Jones Industrial Average rose 0.3% in the premarket, while the Nasdaq was slightly in the red. The majority of Asian exchanges were trending downwards while European bourses were heading north.

The personal income and outlays report for May is due Friday. The report includes the personal consumption expenditure core price index, which is the Federal Reserve's preferred inflation metric.

Monday's thin economic calendar has the Dallas Fed Manufacturing Survey for this month at 10:30 am ET. Federal Reserve Bank of San Francisco President Mary is slated to speak at 2 pm.

Shares of RXO (RXO) jumped 12% pre-bell after the transportation services firm agreed to purchase United Parcel Service's ( UPS ) Coyote Logistics freight brokerage business for about $1.03 billion in cash. Shopify's ( SHOP ) US-listed stock increased 1.1% as the global commerce platform entered into a partnership with Target ( TGT ) to offer some products on the retailer's Target Plus digital marketplace.

Micron Technology ( MU ) , Nike ( NKE ) , FedEx ( FDX ) , Carnival (CCL, CUK), Walgreens Boots Alliance ( WBA ) , Levi Strauss (LEVI) are set to report their latest financial results later in the week.

Before the open, bitcoin dropped 4.5% to $61,224, West Texas Intermediate crude inclined 0.2% to $80.91 a barrel, yields on 10-year Treasuries inched 0.8 basis points higher to 4.265% and gold moved up 0.3% to $2,338 an ounce.