07:08 AM EST, 11/11/2024 (MT Newswires) -- The benchmark US stock measures were pointing higher before Monday's opening bell as traders take positions ahead of the release of key inflation data later in the week.

Standard & Poor's 500 and the Nasdaq increased 0.3% each in the premarket, while the Dow Jones Industrial Average added 0.4%. Asian exchanges were mixed to lower, while European bourses were mostly trending upwards.

With no economic reports scheduled for Monday, investors await the consumer price index for October on Wednesday, followed by the producer price index for the same month on Thursday. Last month's retail sales report is out on Friday.

Last week, the Federal Reserve's monetary policy committee reduced its benchmark lending rate by 25 basis points, following a 50-point cut in September.

Monday.com ( MNDY ) , Aramark ( ARMK ) and ICL Group ( ICL ) report their latest financial results before the bell, among others. Live Nation Entertainment ( LYV ) and Grab Holdings ( GRAB ) post earnings in the afterhours.

Shares of Tesla (TSLA) jumped 6.5% pre-bell while Coinbase Global ( COIN ) surged 16%. Palantir Technologies' ( PLTR ) stock gained 3.2%.

Before the open, bitcoin advanced 3.6% to $82,154, West Texas Intermediate crude oil fell 1.7% to $69.18 per barrel, yields on 10-year Treasuries dropped 3.7 basis points to 4.31% and gold decreased 0.8% to $2,673 an ounce.