07:12 AM EDT, 03/24/2025 (MT Newswires) -- The benchmark US stock measures were tracking robustly in the green before Monday's opening bell as investors prepare for a key inflation report due later in the week.

Standard & Poor's 500 rose 1.1%, the Nasdaq increased 1.3% and the Dow Jones Industrial Average added 0.9% in premarket activity. The majority of Asian exchanges were trending higher while European bourses were heading north midday on the continent.

The key personal income and outlays report for February is scheduled to be released on Friday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.

Monday's economic calendar has the Chicago Fed National Activity Index for last month at 8:30 am ET, followed by the purchasing managers' index report from S&P Global ( SPGI ) for March at 9:45 am.

Shares of Azek ( AZEK ) jumped 19% pre-bell after the building components company agreed to be acquired by Australian rival James Hardie Industries ( JHX ) in a cash and stock deal worth around $8.75 billion, including $386 million of debt.

Tesla (TSLA) gained nearly 4% while Palantir Technologies ( PLTR ) was up 1.7%. 23andMe's (ME) stock tumbled 43% as the company begun voluntary Chapter 11 bankruptcy proceedings to facilitate a sale.

KB Home ( KBH ) , Oklo ( OKLO ) and Enerpac Tool Group ( EPAC ) are slated to report their latest financial results after the markets close.

Before the open, bitcoin advanced 3.2% to $87,714, West Texas Intermediate crude oil inclined 0.7% to $68.74 a barrel, yields on 10-year Treasuries climbed 3.6 basis points to 4.29% and gold nudged 0.5% higher to $3,035 an ounce.