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Stocks Gain Pre-Bell Ahead of Key Inflation Data; Asia, Europe Down
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Stocks Gain Pre-Bell Ahead of Key Inflation Data; Asia, Europe Down
Feb 28, 2025 4:47 AM

07:15 AM EST, 02/28/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the green before Friday's open as traders await the personal income and outlays report for January.

Standard & Poor's 500 increased 0.4% while the Dow Jones Industrial Average and the Nasdaq rose 0.3% each in premarket activity. Asian exchanges were pointing lower, while the majority of European bourses were heading south midday on the continent.

Last month's 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 January at 8:30 am, followed by the Chicago Purchasing Managers' Index data for February at 9:45 am. The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm, while last month's farm prices report is out at 3 pm.

Federal Reserve Bank of Chicago President Austan Goolsbee is slated to speak at 10:15 pm.

Shares of Dell Technologies ( DELL ) declined 3% pre-bell as the computer maker's fourth-quarter revenue fell short of Wall Street's estimates. Monster Beverage ( MNST ) gained 2.1% as the energy drink company recorded better-than-expected fourth-quarter sales. HP (HPQ) decreased 2.7% after issuing a downbeat fiscal second-quarter revenue outlook.

Pearson (PSO), Chart Industries ( GTLS ) , RadNet ( RDNT ) , Frontline ( FRO ) and fuboTV (FUBO) report their latest financial results early Friday, among others.

Before the opening bell, bitcoin fell 3.1% to $80,596, West Texas Intermediate crude oil moved down 1.4% to $73 a barrel, yields on 10-year Treasuries retreated 2.9 basis points to 4.26% and gold slipped 0.8% to $2,874 an ounce.

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