07:20 AM EDT, 09/27/2024 (MT Newswires) -- US benchmark equity indexes were pointing lower before the open Friday as investors await the personal income and outlays report for August.

Standard & Poor's 500 edged down 0.1%, the Dow Jones Industrial Average was slightly in the red and the Nasdaq was off 0.3% in premarket activity. The majority of Asian exchanges were trending upwards, while European bourses were heading north midday on the continent.

The personal income report is scheduled for an 8:30 am ET release and includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric. Friday's economic calendar also has the international trade in goods, retail inventories and wholesale inventories reports for last month.

The final University of Michigan consumer sentiment report for September is out at 10 am, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm. The farm prices report for August posts at 3 pm.

Fed Governor Michelle Bowman is slated to speak at 1:15 pm.

Shares of Costco Wholesale ( COST ) were down 1.2% pre-bell as the warehouse chain's fiscal fourth-quarter revenue fell short of market estimates. BlackBerry's (BB) US-listed shares declined 3.9% despite the company improving its fiscal 2025 bottom-line outlook. Bristol-Myers Squibb ( BMY ) spiked 6.4% as the US Food and Drug Administration approved its oral medication treatment for schizophrenia.

Before the opening bell, bitcoin increased 0.8% to $65,595, West Texas Intermediate crude oil inclined 0.4% to $67.94 a barrel, yields on 10-year Treasuries were nearly unchanged at 3.79% and gold decreased 0.3% to $2,687 an ounce.