08:56 AM EDT, 05/07/2024 (MT Newswires) -- US equity futures were flat ahead of Tuesday's opening bell as traders took a breather following gains fueled by hopes of rate cuts from the Federal Reserve.

Dow Jones Industrial Average futures gained 0.05%, S&P 500 futures inched up 0.05%, and Nasdaq futures slipped 0.2%.

Comments from New York Fed President John Williams and Richmond Fed President Tom Barkin on Monday boosted expectations that policymakers will cut rates soon.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% and US West Texas Intermediate crude down 0.5%, as traders monitored the developments surrounding the Gaza ceasefire negotiations.

In other world markets, Japan's Nikkei closed 1.6% higher, Hong Kong's Hang Seng ended 0.5% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, UK's FTSE 100 rose 1.1%, and Germany's DAX index gained 0.6% in Europe's early afternoon session.

In equities, shares of fintech company Dave ( DAVE ) were 18% higher pre-bell after the company posted improved Q1 financial results. Zeta Global Holdings ( ZETA ) shares increased by nearly 20% after posting improved Q1 results and lifted its revenue guidance. Esperion Therapeutics ( ESPR ) shares gained more than 11% after the company posted improved Q1 financial results.

On the losing side, Teradata ( TDC ) shares were down 14% after the company posted lower Q1 adjusted earnings and revenue. Celsius Holdings ( CELH ) stock was down 5% after the company reported Q1 revenue that trailed Capital IQ analysts' estimates.