ADP data show higher-than-expected payroll growth in the private employment sector, up 281,000 in June from 180,000 in May and above economists' estimates of 205,000.
"The job market is steadily improving," Moody's Analytics chief economist Mark Zandi wrote in a statement. "Judging from the job market, the economic recovery remains fully intact and is gaining momentum."
The official U.S. nonfarm payrolls report is due out Thursday, moved forward a day to account for the Independence Day holiday on Friday.
Futures for the Dow Jones Industrial Average, which flirted with the 17,000-level Tuesday, were up 0.15% to 16,901. S&P 500 futures were creeping 0.17% higher to 1,969 and the Nasdaq was adding 0.15% to 3,890.75.
Also lifting global sentiment, Federal Reserve Chair Janet Yellen will deliver a speech at the International Monetary Fund in Washington at 11 a.m. EDT. Investors will be on the lookout for guidance on monetary policy and hints on a timeline of when U.S. interest rates will rise.
Wall Street will get another glimpse of the health of the manufacturing sector with factory orders due for release at 10 a.m. Analysts expect a 0.3% dip in May orders from a 0.7% increase the month earlier.
European markets were mixed, though all Asian markets closed higher, bolstered by the strength in U.S. markets. Upside in Europe was restrained, though, as investors of the FTSE, CAC and DAX await Yellen's speech and more economic indicators out this morning.
Argentina has been placed on watch due to the likelihood of default on its interest payments to bondholders, Standard & Poor's said Tuesday. The firm reiterated its negative outlook on the economy's long-term health and restated its CCC+/C currency rating.
Australia's trade deficit for May unexpectedly widened 145%, seasonally adjusted, to $1.9 billion as key industries, iron ore and coal, suffer falling prices. Bloomberg economists had forecast a deficit of $200 million.
JPMorgan Chase (JPM - Get Report) will be on watch this session after CEO Jamie Dimon disclosed he has been diagnosed with curable throat cancer and will begin treatment shortly. Shares were slipping 0.5% to $57.28 premarket.
Bank of America (BAC) shares were moving 1.3% higher to $15.80 before the bell after nabbing an upgrade to "buy" at Deutsche Bank. Analysts increased their price target to $18 from $16.50.
Constellation Brands (STZ) shares were also up 5.8% to $93.50 after generating $1.53 billion in revenue, a 127.2% year-over-year jump. Earnings of $1.07 a share beat estimates by 14 cents.
--Written by Keris Alison Lahiff in New York.