07:11 AM EST, 01/13/2025 (MT Newswires) -- US benchmark equity indexes were tracking in the red before the opening bell Monday as traders await key inflation data and the latest financial results from major banks later in the week.

Standard & Poor's 500 declined 0.8%, the Dow Jones Industrial Average was off 0.3% and the Nasdaq decreased 1.2% in premarket activity. Asian and European exchanges were pointing lower.

With no economic reports scheduled for Monday, investors will be looking ahead to the producer price index for December on Tuesday, followed by the consumer price index for the same month on Wednesday. Last month's retail sales report is out on Thursday.

Several banking giants and major corporations are set to report their latest financial results later this week, including JPMorgan Chase ( JPM ) , UnitedHealth ( UNH ) , Bank of America ( BAC ) , Wells Fargo ( WFC ) , Morgan Stanley ( MS ) , Goldman Sachs ( GS ) , BlackRock ( BLK ) , Citigroup ( C ) , Truist Financial (TFC) and Schlumberger ( SLB ) .

KB Home (KBH) posts earnings after the markets close Monday.

Shares of Tesla (TSLA) were down 2.8% pre-bell while Nvidia ( NVDA ) dropped 3.2%. Apple ( AAPL ) declined 1% while Amazon.com ( AMZN ) moved 1.2% lower.

Before the open, bitcoin fell 3.7% to $91,162, West Texas Intermediate crude oil gained nearly 2% to $78.07 a barrel, yields on 10-year Treasuries inclined 0.8 basis points to 4.78% and gold retreated 0.4% to $2,704 an ounce.