07:05 AM EDT, 03/12/2024 (MT Newswires) -- US equity futures were trending higher before the open Tuesday as investors take positions ahead of the release of a key inflation report.

Standard & Poor's 500 futures rose 0.3% and the Nasdaq added 0.5% in premarket trading, while the Dow Jones Industrial Average was little changed. The US measures were mostly lower on Monday. The majority of Asian exchanges were pointing north, while European bourses were tracking upwards.

The consumer price inflation report for February is scheduled to release at 8:30 am ET. Also on the economic calendar, the National Federation of Independent Business' optimism index showed a 0.5-point fall for last month to 89.4.

Shares of Oracle (ORCL) jumped about 13% pre-bell after the software maker reported stronger-than-expected fiscal third-quarter earnings as cloud demand continued to grow. Casey's General Stores (CASY) declined 1.4% as the convenience store operator's fiscal third-quarter earnings fell due to higher expenses from operating more stores. Boeing's (BA) stock decreased 1.7% while Meta Platforms (META) gained 0.9%.

Archer-Daniels-Midland (ADM), On Holding (ONON), International Game Technology (IGT), Kohl's (KSS), Hagerty (HGTY) and Manchester United (MANU) report their latest financial results before the bell, among others. Qifu Technology (QFIN) and Core Scientific (CORZ) post earnings in the afterhours.

Before the opening bell, bitcoin decreased 0.6% to $71,848, West Texas Intermediate crude inclined 0.6% to $78.38 a barrel, yields on 10-year Treasuries dipped by 1.9 basis points to 4.09% and gold ticked down 0.3% to $2,183 an ounce.