The Dow and the S&P 500 inched up on Tuesday with investors focusing on softer-than-expected U.S. retail sales numbers and commentary from a slew of Federal Reserve officials throughout the day, though trading was subdued ahead of a market holiday.

Dow, S&P 500 futures are falling, the Nasdaq Composite is rising in premarket trading Tuesday as stock markets await retail sales data and a raft of Federal Reserve speakers.

Micron shares are leading S&P 500 gainers Tuesday during a strong session for chip stocks. Shares of Micron are up about 5% in morning action, reflecting optimism from analysts ahead of next week's earnings report.

The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia's continued surge to new peaks, while the Dow ended barely higher in subdued pre-holiday trading following softer-than-expected U.

US stocks edged up on Tuesday after retail sales data for May came in weaker than expected, sending Treasury yields lower. The S&P 500 and Nasdaq continued their record-setting run, with investors eyeing the impact of a less robust consumer on the outlook for rate cuts.

U.S. stock-index futures briefly edged higher before trading near unchanged after data showed U.S. retail sales were weaker than expected in May. Retail sales rose 0.1% in May, while sales in April were revised lower.

U.S. stocks nudged higher Tuesday, following on from another record close for the S&P 500, as investors looked to a busy slate of data and Federal Reserve speakers heading into the midweek Juneteenth holiday.