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

The Dow Jones Industrial Average futures rose 0.6%, S&P 500 futures increased 0.7%, and Nasdaq futures were up 0.8%.

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 slipped, with front-month global benchmark North Sea Brent crude down 0.1% at 76.20 per barrel and US West Texas Intermediate crude down 0.1% at $72.88 per barrel.

US trade deficit, scheduled for release at 8:30 am ET, is expected to narrow to $72.5 billion in June from $75.1 billion in the preceding month, according to estimates compiled by Bloomberg.