09:06 AM EDT, 08/12/2025 (MT Newswires) -- US equity futures turned higher ahead of Tuesday's opening bell as traders digested the key July consumer inflation report.

Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.7% higher.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.6% at $66.22 per barrel and US West Texas Intermediate crude 0.8% lower at $63.44 per barrel.

The Consumer Price Index, released at 8:30 am ET, showed a 0.2% monthly gain for July following a 0.3% uptick previously, in line with estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 2.2% higher, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was down 0.4% in Europe's early afternoon session.

In equities, Hanesbrands ( HBI ) stock was up 37% following a media report that Gildan Activewear ( GIL ) is closing in on a deal to acquire the company. WideOpenWest ( WOW ) shares were nearly 48% higher, a day after the company said it will be acquired by affiliated investment funds of DigitalBridge Investments and Crestview Partners in a $1.50 billion all-cash deal.

On the losing side, BigBear.ai ( BBAI ) shares were 30% lower after the company reported late Monday a wider Q2 net loss and cut its 2025 revenue outlook.