07:00 AM EST, 01/15/2025 (MT Newswires) -- The main US stock measures were trending upward in Wednesday's premarket activity as traders await a key inflation report and the latest earnings of some of Wall Street's biggest banks.

Standard & Poor's 500 rose 0.2% while the Dow Jones Industrial Average and the Nasdaq increased 0.3% each before the opening bell. Asian exchanges were mixed to lower while European bourses were tracking in the green.

The consumer price index report for December is scheduled for an 8:30 am ET release. The data comes a day after the Bureau of Labor Statistics reported producer price growth unexpectedly decelerated on a sequential basis last month.

Also on Wednesday's economic calendar, the weekly mortgage applications bulletin posts at 7 am, followed by the Empire State Manufacturing Index for January at 8:30 am. The weekly EIA petroleum inventories report is due at 10:30 am, while the Beige Book, a compilation of economic and business reports from the 12 regional Federal Reserve branches, is out at 2 pm.

Federal Reserve Bank of Richmond President Thomas Barkin is slated to speak at 8 am, while Minneapolis Fed President Neel Kashkari speaks at 10 am. New York Fed President John Williams and Chicago Fed President Austan Goolsbee are both scheduled to speak at 11 am.

JPMorgan Chase ( JPM ) , Wells Fargo ( WFC ) , BlackRock ( BLK ) , Goldman Sachs ( GS ) , Citigroup ( C ) and Bank of New York Mellon (BK) release their financial reports before the bell.

In the premarket, bitcoin edged up 0.2% to $96,708, West Texas Intermediate crude oil nudged 0.1% higher to $77.60 per barrel, yields on 10-year Treasuries declined 2 basis points to 4.77% and gold inclined 0.9% to $2,706 an ounce.