July 16 (Reuters) - Futures for the S&P 500 and Nasdaq advanced on Tuesday as investors reviewed new corporate earnings reports, including Bank of America, and awaited key retail sales data that could provide more clarity on the current state of U.S. inflation. Bank of America (BAC.N), the second-largest U.S. bank, reported a second-quarter profit decline due to shrinking interest income and larger reserves for potential credit losses. Despite this, the bank’s stock gained 1% in premarket