07:10 AM EST, 12/23/2024 (MT Newswires) -- The benchmark US stock measures were mostly trending lower before the opening bell Monday, as traders gear up for a holiday-shortened trading week.

Standard & Poor's 500 edged down 0.1% and the Dow Jones Industrial Average declined 0.3%, while the Nasdaq was up 0.1% in premarket activity. The majority of Asian and European exchanges were tracking in the green.

US markets will close early on Tuesday and be shuttered Wednesday for the Christmas Day holiday, reopening on Thursday.

Shares of Rumble (RUM) surged 43% pre-bell after the video-sharing platform and cloud services provider agreed last week to a $775 million strategic investment from cryptocurrency firm Tether. Novo Nordisk's ( NVO ) US-listed shares rebounded 5.1% following an 18% drop at the close of Friday trading.

Tilray Brands' ( TLRY ) stock advanced 9.5% while Tesla (TSLA) gained 2.4%.

On the economic calendar, the Chicago Fed National Activity Index for November posts at 8:30 am ET, while the Conference Board's consumer confidence report for December is scheduled for a 10 am release.

Before the open, bitcoin increased 0.7% to $95,795, West Texas Intermediate crude oil nudged down 0.4% to $69.20 a barrel, yields on 10-year Treasuries rose 1.2 basis points to 4.54% and gold decreased 0.6% to $2,628 an ounce.