Stock futures are little changed after big rally following Democrats' decisive midterm wins

U.S. equity futures rose on Wednesday evening following a rally on the heels of a sharp decline in the price of oil and certainty around the Democrats' midterm wins . Futures tied to the Dow Jones Industrial Average rose 69 points, or 0.1%. S&P 500 futures were up 0.1%, and Nasdaq-100 futures advanced 0.1%. After the bell on Wednesday, chipmaker Qualcomm reported earnings that beat estimates, but fell 6.5%. AppLovin , the artificial intelligence-powered advertising company, surged almost 24% after delivering better-than-expected results and issuing guidance that beat estimates. Stocks on Wednesday rallied as oil prices dipped, with West Texas Intermediate crude futures falling more than 8% to settle at $88.12 a barrel.