Retail sales increased 0.1% last month, compared to consensus estimates of a 0.2% decline. That's welcomed news for investors, who are bracing for what is likely to be the Fed's first interest rate cut at the conclusion of its meeting at 2 p.m. on Wednesday.

SolarEdge Technologies is down 5% after shares of the solar-power-equipment maker were downgraded to Underperform from Hold at Jefferies and the price target cut to $17 from $27. S&P 500 futures are up 0.3%. Dow Jones Industrial Average futures are adding 0.2%.

Shares are mostly higher in Europe and Asia as world markets await an expected interest rate cut by the Federal Reserve