U.S. stock index futures pointed to a higher open on Wednesday, as investors awaited remarks from key Federal Reserve officials, and parsed through key economic data.
Companies in September created jobs at the slowest pace in six months as the labor market showed further signs of tightening, according to a report Wednesday from ADP and Moody's Analytics.
Dow futures traded about 40 points higher, while S&P and Nasdaq futures rose 4.75 points and 8.25 points, respectively.
Elsewhere on the data front, the trade deficit widened to $40.7 billion in August. Factory orders and ISM non-manufacturing are also expected at 10.00 a.m. ET. Mortgage applications rose 2.9 percent last week, driven by European bank fears.
The U.S. central bank has been thrown back into the spotlight this week, with Friday's release of the September jobs report expected to be a key point for investors.
Ahead of the data release, Richmond Fed President Jeffrey Lacker and Minneapolis Fed President Neel Kashkari are expected to give their own respective speeches on Wednesday.