S&P index futures cut earlier losses to turn flat on Wednesday as acquisition activity helped to offset weaker-than-expected ADP employment data.
S&P 500 futures rose 0.6 percent and were about even with 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 rose 1 point, and Nasdaq 100 futures rose 0.25 points.
U.S. private employers added 179,000 jobs in April, according to a report by ADP Employer Services, less than economists' expectations.
Varian Semiconductor Equipment Associates Inc
(Reporting by Ryan Vlastelica)