07:17 AM EDT, 10/28/2024 (MT Newswires) -- The benchmark US stock measures were advancing before the opening bell Monday as investors brace for a packed week featuring a key inflation report, fresh labor data and major tech earnings.

Standard & Poor's 500 rose 0.6%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq added 0.8% in premarket activity. Asian and European exchanges were tracking in the green.

Monday's thin economic calendar has the Dallas Fed Manufacturing survey for October at 10:30 am ET. Later in the week, the key personal income and outlays report for September is out on Thursday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.

Traders also await the Job Openings and Labor Turnover Survey for September on Tuesday, while the ADP Employment report and the Challenger Job Cut report, both for October, are due on Wednesday and Thursday, respectively. The government's nonfarm payrolls data for October is scheduled to be released on Friday.

Technology giants Apple ( AAPL ) , Microsoft ( MSFT ) , Google ( GOOG ) parent Alphabet (GOOG, GOOGL), Amazon.com ( AMZN ) and Facebook parent Meta Platforms ( META ) are all set to report their latest financial results later this week.

Royal Philips' (PHG) US-listed stock dropped 16% pre-bell after the Dutch health technology firm cut its full-year comparable sales growth outlook amid deteriorating demand in China. Trump Media & Technology ( DJT ) climbed 7.3% while Nvidia ( NVDA ) inclined 1.1%. Shares of Advanced Micro Devices ( AMD ) were up 1.5%.

ON Semiconductor (ON), CenterPoint Energy ( CNP ) , Bank of Hawaii ( BOH ) and Hope Bancorp ( HOPE ) also post earnings early Monday, among others. Waste Management (WM), Welltower ( WELL ) , Cadence Design Systems ( CDNS ) and Ford Motor ( F ) are slated to report their financial statements after the markets close.

Before the opening bell, bitcoin gained 1.4% to $68,607, West Texas Intermediate crude oil fell nearly 6% to $67.50 a barrel, yields on 10-year Treasuries rose 2.6 basis points to 4.26% and gold decreased 0.4% to $2,745 an ounce.