US stock futures were slightly higher on Friday, extending their strong momentum as markets assessed the impact that tariffs may have on prices, growth, and corporate returns ahead of President Trump's summit with Russian President Putin. Contracts attached to the S&P 500 and the Nasdaq 100 were slightly higher near their records this week, while the Dow was set to open 300 points up for its first record since November of last year. Headline and control group retail sales were both 0.5% higher in July, the latter beating expectations, to inject fresh confidence on the US consumer's strength following low aggregates in the first half of the year. Still, import prices, which do not include the tariff rate, unexpectedly surged. UnitedHealth futures were over 10% higher, enjoying some respite from its selloffs this year after Berkshire Hathaway disclosed a large stock purchase in the group. On the other hand, Applied Materials sank 13% after disclosing their second-quarter results.