U.S. stock index futures pointed to a relatively flat open on Wednesday, as investors look to key data and a speech by a leading member of the U.S. central bank.
Dow Jones industrial average futures fell 21 points, while S&P 500 and Nasdaq 100 futures declined 2.5 points and 11.25 points, respectively.
In previous days, Wall Street has notched up a number of positive trading sessions, with the Dow Jones industrial average rising to 22,641.67 points, setting both intraday and closing records on Tuesday. With the 30-stock index having posted a solid five-day winning streak, investors are likely to be pausing for breath on Wednesday, as they await potential market-moving news.
News out of the U.S. central bank is set to dominate sentiment on Wednesday, as a leading Fed member is set to speak at a conference in St. Louis, Missouri.
Federal Reserve Chair Janet Yellen is expected to deliver opening remarks at the Community Banking in the 21st Century Research and Policy Conference; where investors will be watching closely for any indications as to how the U.S. economy is faring at present.
On the data front, the U.S.'s services Purchasing Managers' Index (PMI) is due out at 9:45 a.m. ET, followed by the ISM's non-manufacturing report on business, set to come out at 10 a.m. ET. The ADP national employment report showed private sector jobs grew by 135,000 last month, a sharp decline from 228,000 in August.