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US futures hold lower after ADP report

U.S. stock-index futures fell on Wednesday, following Asian and European markets lower as investors digested a slump in oil prices, disappointment over Japan's stimulus plan and private-sector employment data.

Private job growth was a little better than expected in July, though all of the new positions came from the services sector, according to the latest report from ADP and Moody's Analytics.

Companies added 179,000 positions for the month, topping Reuters estimates of 170,000. That was a slight increase from June, which saw an upwardly revised 176,000, 4,000 more than originally reported.

Other data due Wednesday include the ISM services index for July, which follows a disappointing reading for ISM manufacturing on Monday.

U.S. indexes closed lower on Tuesday as WTI oil futures settled below $40 per barrel for the first time since April and the Dow ended down for a seventh consecutive day. Light crude for September rose on Wednesday but remained under $40.

There are several big earnings due on Wednesday Tesla Motors and Herbalife after the bell. Ahead of the open, Time Warner posted quarterly earnings that beat expectations.

Japan announced a 13.5 trillion yen ($134 billion)-fiscal stimulus plan on Tuesday as part of an effort to boost its anemic economy. The size of the package disappointed some investors, particularly after a parallel monetary stimulus plan announced by the Bank of Japan on Friday also came in smaller than expected.

"The Bank of Japan's announcement was certainly a damp squib setting in train uncomfortable adjustments in the financial markets and giving a further boost to the yen that will weigh on profits as well as prices," Chris Scicluna, head of economic research at Daiwa Capital Markets in a note on Wednesday.

— CNBC's Jeff Cox contributed to this report.

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