07:11 AM EDT, 03/12/2025 (MT Newswires) -- US benchmark equity indexes were tracking in the green in Wednesday's premarket activity as traders await a key inflation report.

Standard & Poor's 500 increased 0.6%, the Dow Jones Industrial Average rose 0.4% while the Nasdaq added 0.8% before the opening bell. The majority of Asian exchanges were trending lower, while European bourses were pointing higher midday on the continent.

The consumer price index report for February is scheduled for an 8:30 am ET release. Government data are expected to show that consumer inflation rose 0.3% sequentially last month in the US, according to a Bloomberg-compiled consensus.

Also on Wednesday's economic calendar, the weekly mortgage applications bulletin posts at 7 am, followed by the weekly EIA petroleum inventories report at 10:30 am.

Shares of Intel ( INTC ) advanced 7.9% pre-bell following media reports that Taiwan Semiconductor Manufacturing ( TSM ) has approached major semiconductor companies, including Nvidia ( NVDA ) , Advanced Micro Devices ( AMD ) and Broadcom ( AVGO ) , to form a joint venture that would operate the chipmaker's factories. Casey's General Stores' (CASY) stock inclined 2.5% as the convenience store operator recorded fiscal third-quarter results above market estimates.

ABM Industries ( ABM ) , VNET Group ( VNET ) , ZIM Integrated Shipping Services ( ZIM ) and Sprinklr ( CXM ) report their latest financial results before the bell, among others. Adobe (ADBE), Crown Castle ( CCI ) , UiPath ( PATH ) , SentinelOne ( S ) and American Eagle Outfitters ( AEO ) release earnings after the markets close.

In premarket action, bitcoin traded down 0.8% at $82,483, West Texas Intermediate crude oil moved up 1% to $66.91 a barrel, yields on 10-year Treasuries retreated 0.4 basis points to 4.28% and gold inched lower to $2,920 an ounce.