NEW YORK ( TheStreet) -- Stock futures were pointing to a decidedly higher open for the major market averages Wednesday after strong economic indicators out of China and Australia helped buoy markets overseas.
And futures held on to those gains even after a labor market report showed the first private payroll decline there since January.
Futures for the Dow Jones Industrial Average were up by 96 points at 10,102 and were 96.28 points above fair value. Futures for the S&P 500 were ahead by 11.50 points at 1059.8 and were 11.52 points above fair value, and Nasdaq futures were gaining 23.50 points and were 24.92 points above fair value.
Stocks hemmed and hawed throughout the Tuesday session, only to finish flat on the day following a mixed batch of data and the release of minutes from the Federal Open Market Committee's most recent policy-making meeting. The Dow also set a dubious milestone, turning in its worst August performance since 2001. But Wednesday brought with it improving news from overseas. According to The Associated Press, the
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