08:10 AM EDT, 06/21/2024 (MT Newswires) -- US equity futures were little changed Friday as traders stayed on the sidelines after Nvidia ( NVDA ) lost its position as the world's most valuable company.

The Dow Jones Industrial Average futures flatlined, S&P 500 futures declined 0.1%, and Nasdaq futures were down 0.05%.

On Thursday, software giant Microsoft ( MSFT ) reclaimed the top spot among the most valuable firms after Nvidia ( NVDA ) lost 3.5% of its value.

Oil prices slipped, with front-month global benchmarks North Sea Brent crude down 0.2% at $85.56 per barrel and US West Texas Intermediate crude down 0.2% at $81.14 per barrel.

Existing home sales, due at 10 am ET, are expected to drop to a 4.08 million rate in May from 4.14 million in April, according to estimates compiled by Bloomberg.