07:02 AM EST, 01/16/2025 (MT Newswires) -- US equity futures were mostly pointing higher before Thursday's opening bell as traders digest the latest inflation data from earlier in the week and await more major bank earnings.

Standard & Poor's 500 rose 0.3% and the Nasdaq added 0.5% in premarket activity, while the Dow Jones Industrial Average ticked down 0.2%. Asian and European exchanges were tracking in the green.

The Bureau of Labor Statistics on Wednesday reported that US consumer inflation accelerated in December both sequentially and annually, while core measures came below Wall Street's estimates. On Tuesday, data showed that producer price growth unexpectedly decelerated on a sequential basis last month.

UnitedHealth Group ( UNH ) shares dropped 4.8% pre-bell as it reported higher fourth-quarter results on a yearly basis, but revenue fell short of market estimates. Taiwan Semiconductor Manufacturing's ( TSM ) US-listed stock rose after the chipmaker recorded sharp gains in its fourth-quarter results and issued an upbeat revenue outlook for the ongoing period.

Bank of America ( BAC ) , Morgan Stanley ( MS ) , Infosys ( INFY ) , PNC Financial Services ( PNC ) , US Bancorp ( USB ) , M&T Bank ( MTB ) and First Horizon ( FHN ) also report their latest quarterly results early Thursday, among others. J.B. Hunt Transport Services (JBHT) and Bank OZK ( OZK ) disclose earnings after the markets close.

On the economic calendar, the retail sales report, the Philadelphia Fed's manufacturing index and the import and export prices report, all for December, are out at 8:30 am ET, along with the weekly jobless claims bulletin.

The business inventories report for November and the housing market index for January both post at 10 am. The weekly EIA natural-gas supplies report is due at 10:30 am.

Before the open, bitcoin declined 0.8% to $99,133, West Texas Intermediate crude oil decreased 1% to $79.25 per barrel, yields on 10-year Treasuries gained 1.6 basis points to 4.67% and gold increased 0.8% to $2,738 an ounce.