LONDON (MarketWatch) - U.S. stock futures on Wednesday pointed to a second day of gains, with Starbucks seen rising on a plan to slash jobs and Yahoo seen advancing on a report that Microsoft, again, is looking for a way to buy it.
S&P 500 futures rose 3.5 points to 1,289.70 and Nasdaq 100 futures rose 12 points to 1,881.00. Dow industrial futures added 14 points.
U.S. stocks rebounded from steep losses to end in positive territory on Tuesday, after General Motors Corp.'s June sales came in not as bad as expected, while oil prices came off earlier highs. The Dow industrials ended 32 points higher, the S&P 500 added 4 points and the Nasdaq Composite added 11 points.
Just a day before the government's key payrolls report, ADP reported that 79,000 private-sector jobs were lost in June. Adding in government jobs, and the report points to a 58,000 decline in nonfarm payrolls.
The ADP report is frequently at odds with the government report.
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