06:57 AM EST, 01/31/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the green before the opening bell Friday as traders await the personal income and outlays report for December.

Standard & Poor's 500 increased 0.4%, the Dow Jones Industrial Average rose 0.3% and the Nasdaq added 0.8% in premarket activity. The majority of Asian exchanges were pointing higher, while European bourses were heading north 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 fourth-quarter employment cost index report at 8:30 am, followed by the Chicago Purchasing Managers' Index data for January at 9:45 am. The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm, while the farm prices report for December is out at 3 pm.

Fed Governor Michelle Bowman is slated to speak at 8:30 am.

Shares of Apple ( AAPL ) gained 3.4% pre-bell as the iPhone maker reported better-than-expected fiscal first-quarter results. Intel ( INTC ) inclined 1.4% as the chipmaker's fourth-quarter results topped market estimates. Visa's (V) stock moved 1.9% higher as the payment processor recorded fiscal first-quarter results above Wall Street's expectations.

Oil giants Exxon Mobil ( XOM ) and Chevron ( CVX ) report their latest financial results before the bell, along with AbbVie ( ABBV ) , Aon (AON), Colgate-Palmolive ( CL ) , Charter Communications ( CHTR ) , Phillips 66 (PSX), Church & Dwight ( CHD ) , Booz Allen Hamilton ( BAH ) and others.

Before the opening bell, bitcoin edged down 0.6% to $104,737, West Texas Intermediate crude oil decreased 0.3% to $72.55 a barrel, yields on 10-year Treasuries rose 1.5 basis points to 4.53% and gold nudged 0.1% lower to $2,842 an ounce.