08:53 AM EDT, 08/13/2024 (MT Newswires) -- US equity futures were higher Tuesday as traders digested wholesale inflation data.

The Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures increased 0.4%, and Nasdaq futures were up 0.6%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $81.91 per barrel and US West Texas Intermediate crude down 0.4% at $79.80 per barrel.

Producer prices, released at 8:30 am ET, rose 0.1% in July, compared with estimates compiled by Bloomberg for a 0.2% gain to match June's increase.

In other world markets, Japan's Nikkei closed 3.5% higher, Hong Kong's Hang Seng ended 0.4% higher, and China's Shanghai Composite finished 0.3% higher. Meanwhile, UK's FTSE 100 gained 0.1%, and Germany's DAX index increased 0.2% in Europe's early afternoon session.

In equities, Syros Pharmaceuticals ( SYRS ) shares slumped 62% after the company said it will stop enrolling new patients in its phase 2 trial of a treatment candidate for acute myeloid leukemia.

On the winning side, CXApp ( CXAI ) shares surged 72% after the company said it secured a multi-million dollar deal with Alphabet's (GOOG, GOOGL) Google Cloud involving artificial intelligence.