2120 GMT - Australian stocks look set to follow the Dow Jones Industrial Average higher in early trade. Local futures are up by 0.4% ahead of Wednesday's session, suggesting that the S&P/ASX 200 will rally amid lower oil prices. Tuesday's 0.3% slip by the benchmark index was followed by a U.S. session in which generally strong earnings offset worries about the sustainability of the AI boom. The blue-chip DJIA jumped 1% and the broad-based S&P 500 gained 0.3%, while the tech-heavy Nasdaq Composite edged down less than 0.1%. A raft of Australian commodity companies are set to report quarterly updates Wednesday, including energy producer Woodside and gold miner Northern Star.