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Market Hustle: Stock Futures Cautious Ahead of U.S. Jobs Report

Stocks in this article: ^DJI ^IXIC ^GSPC MU TCS BBBY

NEW YORK ( The Street) --  Stock futures were flat Wednesday morning after private jobs data beat estimates ahead of monthly payroll figures this week.

Futures for the S&P 500 were falling 1.68 over fair value to 1829.75 while futures for the Dow Jones Industrial Average were down 17.94 over fair value to 16,439.0. Nasdaq futures were off 0.60 over fair value to 3550.8.

The ADP private payroll employment showed companies added 238,000 jobs in December, beating expectations for a gain of 205,000 jobs.

Federal Reserve minutes will be scrutinized at 2 p.m. EST for further insight into the central bank's approach to the wind-back of it massive stimulus program. The central bank began to cut its bond purchases in December by $10 billion to $75 billion each month.

The ADP private payroll employment is due at 8:15 a.m. with expectations for a gain of 205,000 jobs in December after 215,000 in November.

Micron Technology (MU) was 9.8% higher in premarket trading after the largest domestic memory chipmaker posted revenue that beat expectations after Tuesday's close. Container Store (TCS) posted third-quarter revenue of $188.3 million late Tuesday, narrowly missing expectations. Its shares shed more than 8% in after-hours trading. Bed Bath & Beyond (BBBY) is expected to announce third-quarter earnings of $1.15 a share after Wednesday's closing bell. 

The Hang Seng finished 1.25% higher while Japan's Nikkei jumped 1.94% on Wednesday. Germany's DAX was falling 0.17% while the FTSE was off 0.44%.

U.S. markets closed higher Tuesday, bolstered by stronger than expected trade data.

-- Written by Jane Searle in New York

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