07:05 AM EDT, 08/29/2024 (MT Newswires) -- US equity markets were trending higher before the opening bell Thursday, as traders await key economic reports and digest chipmaker Nvidia's ( NVDA ) latest financial results.

Standard & Poor's 500 rose 0.2%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 0.3% in premarket activity. The majority of Asian exchanges were tracking in the red, while European bourses were heading north midday on the continent.

Nvidia's ( NVDA ) shares were down 2.8% pre-bell despite the technology giant surpassing Wall Street's estimates with its fiscal second-quarter results. Salesforce ( CRM ) advanced 5.7% as the company raised its fiscal 2025 adjusted earnings outlook. CrowdStrike ( CRWD ) declined 2.1% after the cybersecurity firm lowered its full-year outlook on the back of the July tech outage.

Dollar General ( DG ) , Brown Forman (BF.A, BF.B), Best Buy ( BBY ) , Burlington Stores ( BURL ) , Campbell Soup ( CPB ) , Ollie's Bargain Outlet (OLLI), American Eagle Outfitters ( AEO ) , GMS (GMS) and Polestar Automotive (PSNY) report quarterly earnings early Thursday, among others.

Dell Technologies ( DELL ) , Marvell Technology ( MRVL ) , Autodesk ( ADSK ) , Lululemon Athletica ( LULU ) , Ulta Beauty ( ULTA ) and MongoDB ( MDB ) post their financial statements after the markets close.

On the economic calendar, the second estimate of the second-quarter gross domestic product, the international trade in goods, retail inventories and wholesale inventories reports for July, the weekly jobless claims bulletin and second-quarter corporate profits data are all out at 8:30 am ET.

The National Association of Realtors' pending home sales index for last month is due at 10 am, followed by the weekly domestic natural-gas supplies report at 10:30 am. Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak at 3:30 pm.

Before the open, bitcoin increased 0.7% to $59,679, West Texas Intermediate crude inched 0.2% higher to $74.66 a barrel, yields on 10-year Treasuries dipped 0.8 basis points to 3.83% and gold rose 0.7% to $2,556 an ounce.