U.S. stock index futures pointed to a higher open on Wednesday as traders digested strong employment data ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.
Private payrolls rose by 263,000 last month, well above a consensus estimate of 185,000. The February number was revised significantly lower, however, from the originally reported 298,000.
At 9:45 a.m., we'll have the final March reading for services PMI; the previous reading was 52.9. Also, at 10 a.m. we'll have the Institute for Supply Management non-manufacturing index results, which is expected to come in at 57, compared to February's 57.6.
The markets closed mostly flat on Tuesday. The Dow Jones industrial average gained about 39 points with Caterpillar contributing the most gains. The S&P 500 ended the day nearly breakeven, with real estate lagging and energy outperforming. The Nasdaq composite also ended roughly flat on the day.