08:14 AM EDT, 05/22/2024 (MT Newswires) -- US equity futures were little changed Wednesday as traders stayed on the sidelines ahead of the release of Federal Reserve minutes, and quarterly earnings from chipmaker Nvidia ( NVDA ) .

Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures declined 0.2%, and Nasdaq futures were flat.

Oil prices were lower, with both front-month global benchmark North Sea Brent crude and US West Texas Intermediate crude down 1%, on signs of rising supply in the US. Data from industry group American Petroleum Institute reportedly showed a 2.5 million-barrel weekly increase in US crude stockpiles.

Existing home sales, due for release at 10 am ET, are seen rising to a 4.21 million annualized rate in April from 4.19 million in the preceding month.

The policy-setting Federal Open Market Committee is scheduled to release the minutes from its most recent meeting at 2pm ET.

Nvidia ( NVDA ) is scheduled to release quarterly earnings after the closing bell.