09:06 AM EDT, 08/06/2024 (MT Newswires) -- US equity futures rose ahead of Tuesday's opening bell, rebounding from Monday's sell-off fueled by fears of an economic slowdown.

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

The Bureau of Labor Statistics on Friday reported a weaker-than-expected jobs report for July, which stoked concerns about a potential recession. US benchmark equity indexes ended sharply lower Monday.

Oil prices fell, with front-month global benchmark North Sea Brent crude down 0.7% at $75.77 per barrel and US West Texas Intermediate crude down 0.7% at $72.42 per barrel.

US trade deficit, released at 8:30 am ET, narrowed to $73.11 billion in June from $75.01 billion in the preceding month, compared with estimates compiled by Bloomberg for a $72.5 billion gap.

In other world markets, Japan's Nikkei closed 10% higher, Hong Kong's Hang Seng ended 0.3% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, UK's FTSE 100 fell 0.4%, and Germany's DAX index slipped 0.1% in Europe's early afternoon session.

In equities, shares of Caterpillar ( CAT ) were 2.1% higher pre-bell after the company posted higher Q2 adjusted profit. Tenax Therapeutics ( TENX ) shares increased 78% after the company said it secured an oversubscribed $100 million private placement financing. Lumen Technologies ( LUMN ) shares surged 47%, a day after the company said it secured $5 billion in new business.

On the losing side, Chegg ( CHGG ) shares decreased 14% after the company reported lower Q2 adjusted profit and revenue. ZoomInfo Technologies ( ZI ) shares were down 12% on weaker Q2 financial results and lower full-year outlook.