08:10 AM EDT, 07/01/2024 (MT Newswires) -- US equity futures were marginally higher Monday premarket as investors geared up for the second half of the year.

Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq futures all increased around 0.3%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $85.50 per barrel and US West Texas Intermediate crude up 0.6% at $81.97 per barrel.

The Manufacturing Purchasing Managers' Index, due at 9:45 am ET, is expected to come in at 51.7 for June versus 51.3 in May, according to estimates compiled by Bloomberg.

The Institute for Supply Management's Manufacturing Index, slated for 10 am ET, is expected to rebound to 49.2 for June from 48.7 in the prior month. Forecasters see a 0.3% uptick in Construction Spending for May versus April's 0.1% decline.