08:52 AM EDT, 09/25/2024 (MT Newswires) -- US equity futures were flat Wednesday, consolidating after the S&P 500 and the Dow Jones Industrial Average hit fresh record highs.

Dow Jones Industrial Average futures and S&P 500 futures both flatlined, while Nasdaq futures slipped 0.1%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $73.25 per barrel and US West Texas Intermediate crude down 1.9% at $70.20 per barrel.

New home sales, scheduled for release at 10 am ET, are expected to drop to a 699,000 annual rate in August from 739,000 in the month prior, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.7% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, UK's FTSE 100 gained 0.3%, and Germany's DAX index fell 0.2% in Europe's early afternoon session.

In equities, shares of Stitch Fix ( SFIX ) slumped 26% pre-bell after the company reported weaker fiscal Q4 financial results. SAP (SAP) shares fell 2% following media reports that the company is being investigated by the US Department of Justice over pricing of government contracts.

On the winning side, Eightco Holdings ( OCTO ) shares soared 63% after the company said it aims to generate $100 million in revenue in 2025.