* Futures up: Dow 62 pts, S&P 6 pts, Nasdaq 17.25 pts
By Sruthi Shankar
Aug 15 (Reuters) - U.S. stock index futures were higher on Tuesday as North Korea’s leader delayed a decision on firing missiles towards the U.S. Pacific territory of Guam, pointing to receding tensions between the United States and North Korea.
* Wall Street continued to recover from last week’s selloff, with the S&P 500 posting its biggest one-day percentage gain since April on Monday.
* Pyongyang’s plans to fire missiles near Guam prompted a surge in tensions in the region last week, with President Donald Trump saying the U.S. military was “locked and loaded” if North Korea acted unwisely.
* Gold prices fell further on Tuesday as easing tensions pushed investors to seek riskier assets such as equities. Spot gold was down 0.6 percent at $1,274.19 per ounce.
* Investors will also be keeping an eye on economic data on Tuesday to gauge the health of the economy and the future path of interest rate hikes.
* The U.S. Commerce Department is expected to report a 0.4 percent rise in retail sales in July after falling 0.2 percent in June.
* New York Federal Reserve President William Dudley, one of the most influential members of the central bank, said on Monday he expected another interest rate hike this year if the economy holds and that the Fed would soon begin shedding some of its bond holdings.
* The Fed has raised rates twice this year and is aiming for another hike. However a slide in inflation readings in recent months to 1.5 percent, below its 2-percent target, has raised doubts among investors about the Fed following through.
* Coach was off about 6 percent in premarket trading after the company reported a fall in net sales as it cut back on promotions and pulled its products from department store shelves.
* Snap was up 3.17 percent as big investors reported their stakes in the social media company.
* Advance Auto Parts fell 6.71 percent after the company lowered its 2017 comparable store sales forecast.
* Synchrony Financial rose 5.40 percent after Warren Buffett’s Berkshire Hathaway said it had added a 17.5-million share stake in the credit card issuer.
Futures snapshot at 7:06 a.m. ET (1106 GMT):
* Dow e-minis were up 62 points, or 0.28 percent, with 22,970 contracts changing hands.
* S&P 500 e-minis were up 6 points, or 0.24 percent, with 149,204 contracts traded.
* Nasdaq 100 e-minis were up 17.25 points, or 0.29 percent, on volume of 26,648 contracts. (Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D‘Silva)