08:21 AM EDT, 04/24/2024 (MT Newswires) -- US equity futures were mostly higher Wednesday, with futures on the technology-heavy Nasdaq Composite outperforming other major benchmarks after electric vehicle manufacturer Tesla (TSLA) unveiled plans to launch new models.

Dow Jones Industrial Average futures were up 0.03%, S&P 500 futures increased 0.3%, and Nasdaq futures rose 0.7%.

On Tuesday, Tesla reported Q1 results that trailed analysts' estimates. However, shares in the company were up pre-bell on a plan to launch new products earlier than previously expected.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.3% at $87.14 per barrel and US West Texas Intermediate crude down 0.4% at $83.03, as traders await further demand cues following signs of declining supply in the country. US stockpiles of crude fell by 3.2 million barrels last week based on data from industry group American Petroleum Institute, according to media reports.

New orders for durable goods, due for release at 8:30 am ET, are expected to rise 2.3% in March following a 1.3% gain in February, according to estimates compiled by Bloomberg.