07:20 AM EDT, 07/22/2024 (MT Newswires) -- The benchmark US stock measures were tracking in the green before Monday's opening bell as traders await more corporate earnings and digest President Joe Biden's decision to end his presidential campaign.

Standard & Poor's 500 rose 0.5%, the Dow Jones Industrial Average edged up 0.2% and the Nasdaq added 0.9% in premarket activity. The majority of Asian exchanges were pointing lower while European bourses were trending upwards.

President Joe Biden dropped out of the presidential race on Sunday and endorsed Vice President Kamala Harris as the Democratic Party's nominee for president.

Verizon Communications ( VZ ) , Truist Financial ( TFC ) , IQVIA ( IQV ) and Bank of Hawaii ( BOH ) are set to report their latest financial results pre-bell, among others. Cadence Design Systems ( CDNS ) , Nucor ( NUE ) and Brown & Brown ( BRO ) post earnings after market close.

Later in the week, Alphabet (GOOG, GOOGL), Tesla (TSLA), Visa (V), AbbVie ( ABBV ) , Coca-Cola (KO), International Business Machines ( IBM ) , AT&T ( T ) , 3M ( MMM ) and Charter Communications ( CHTR ) release their quarterly earnings.

Shares of CrowdStrike ( CRWD ) fell 3.7% pre-bell, extending losses from Friday when global tech systems faced disruptions following a systems update at the cybersecurity company, impacting industries from airlines to broadcasters. Nvidia ( NVDA ) gained 2.2% while Tesla was up 1.3%.

Monday's thin economic calendar has the Chicago Fed National Activity Index for June at 8:30 am ET. Investors also await the key personal income and outlays report for last month on Friday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.

Before the bell, bitcoin increased 0.2% to $67,419, West Texas Intermediate crude oil slipped 0.2% to $79.95 a barrel, yields on 10-year Treasuries declined 1.4 basis points to 4.224% and gold moved 0.4% higher to $2,408 an ounce.