08:02 AM EDT, 07/16/2024 (MT Newswires) -- US equity futures were slightly higher Tuesday premarket, with sentiment stabilizing after Monday's rally and ahead of retail sales and other economic data.

The Dow Jones Industrial Average futures were marginally up, S&P 500 futures gained 0.1%, and Nasdaq futures were up 0.2%.

The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Monday, fueled by positive sentiment after both former president Donald Trump and President Joe Biden called for unity after a shooting that injured Trump Saturday.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.7% at $83.39 per barrel and US West Texas Intermediate crude down 1.9% at $79.27 per barrel.

Retail sales, scheduled for release at 8:30 am ET, are expected to fall 0.3% in June following a 0.1% uptick in May, according to estimates compiled by Bloomberg.

The import and export price indices are also slated for 8:30 am ET.

Business inventories, due at 10 am ET, are expected to rise 0.4% in May to add to April's 0.3% build. The consensus for the housing market index is for a no change at 43 for July.