Stock index futures rose on Wednesday ahead of key jobs and services sector data, with investors also eyeing the Federal Reserve's statement on interest rates and the economy.
The Federal Open Market Committee is expected to reaffirm current supportive policies for the economy, even as signs of recovery grow.
Investors will also watch the monthly ADP National Employment data, due at 8:15 a.m. EST and the ISM non-manufacturing index, expected at 10 a.m. EST. Job cuts are forecast to have fallen in October to 190,000, and the services sector is expected to have grown for a second straight month.
Media powerhouse Time Warner Inc
Banking shares rose in Europe, with Societe Generale
U.S. bank shares were muted Tuesday, weighed by a heavy loss from Swiss lender UBS AG
Auto stocks may be active after Nissan Motor Co <7201.T> raised its full-year outlook and General Motors'
S&P 500 futures added 5.6 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 56 points and Nasdaq 100 futures were up 4.75 points.
Shares of Kraft Foods Inc
Walt Disney Co's
The S&P 500 and Nasdaq rose slightly on Tuesday as news of a major railroad acquisition by Warren Buffett's Berkshire Hathaway Inc
Crude futures rose above $80 a barrel, adding to Tuesday's strong gains, while the U.S. dollar retreated from a one-month high against a basket of currencies <.DXY>.
The Dow Jones industrial average <.DJI> slipped 17.53 points, or 0.18 percent, to end at 9,771.91, while the Standard & Poor's 500 Index <.SPX> added 2.53 points, or 0.24 percent, to finish at 1,045.41, and the Nasdaq Composite Index <.IXIC> advanced 8.12 points, or 0.40 percent, to close at 2,057.32.
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)