08:58 AM EDT, 07/30/2024 (MT Newswires) -- US equity futures were flat Tuesday premarket as traders looked ahead to quarterly updates from Microsoft ( MSFT ) , Advanced Micro Devices ( AMD ) , and Starbucks ( SBUX ) .

The Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures advanced 0.2%, and Nasdaq futures were up 0.3%.

Microsoft ( MSFT ), Advanced Micro Devices ( AMD ), and Starbucks ( SBUX ) are scheduled to release quarterly earnings after the closing bell.

The Federal Reserve's policy-setting Federal Open Market Committee is set to kick off its two-day meeting this Tuesday.

Oil prices fell, with front-month global benchmark North Sea Brent crude down 0.6% at $78.57 per barrel and US West Texas Intermediate crude down 0.6% at $75.36 per barrel.

The House Price index, scheduled for release at 9 am ET, is expected to increase by 0.2% in May to match April's rise, according to estimates compiled by Bloomberg.

The Consumer Confidence Index, due at 10 am ET, is expected to drop to 99.7 in July from 100.4 in June. Job openings based on the Labor Department's Job Openings and Labor Turnover Survey are expected to come in at 8.02 million in June versus May's 8.14 million.

In other world markets, Japan's Nikkei closed 0.2% higher, Hong Kong's Hang Seng ended 1.4% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, UK's FTSE 100 fell 0.2%, and Germany's DAX index rose 0.4% in Europe's early afternoon session.

In equities, shares of Pfizer ( PFE ) were 1.2% higher after the drugmaker reported Q2 financial results that topped analysts' estimates and raised its 2024 guidance. PayPal ( PYPL ) shares rose 8% after posting higher Q2 adjusted earnings and revenue.

On the losing side, QXO (QXO) shares slumped 82% after the company launched a secondary offering of about 789.5 million shares of common stock. Symbiotic (SYM) shares dropped 22% after the company posted a fiscal Q3 loss that missed analysts' estimates.