07:08 AM EDT, 05/31/2024 (MT Newswires) -- The benchmark US stock measures were trending downwards before Friday's open as traders await the personal income and outlays report for April.

The S&P 500 futures declined 0.3%, the Dow Jones Industrial Average decreased 0.2% and the Nasdaq was off 0.5% in premarket activity. The majority of Asian and European exchanges were pointing higher.

The income report is scheduled for an 8:30 am ET release and includes the personal consumption expenditure core price index, which is the Federal Reserve's preferred inflation metric. Also on Friday's economic calendar, the Chicago Purchasing Managers' Index for May is out at 9:45 am.

The weekly Baker Hughes domestic oil-and-gas rig count is due at 1 pm, followed by April's farm prices report at 3 pm. Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak at 6:15 pm.

Costco Wholesale's ( COST ) shares slipped 1.7% pre-bell even though the warehouse chain's fiscal third-quarter results topped market estimates. Dell Technologies ( DELL ) fell 15% as the computer maker's fiscal first-quarter earnings declined more than expected. MongoDB's ( MDB ) stock tanked 25% while Marvell Technology ( MRVL ) slid 4.9%.

BRP (DOOO) is scheduled to report its latest financial results early Friday, among others.

Before the opening bell, bitcoin traded down 0.9% at $68,197, West Texas Intermediate crude inched 0.1% lower to $77.84 a barrel, yields on 10-year Treasuries edged up 0.8 basis points to 4.56% and gold declined 0.2% to $2,363 an ounce.