) -- Stock futures took a breather from the previous session's rally, pointing to a mixed open on Wednesday after a report showed that the private sector unexpectedly lost jobs in September.

Futures for the

Dow Jones Industrial Average

were up by 19 points, or 3 points above fair value, at 10,883. Futures for the

S&P 500

were higher by 1 point, or roughly half of a point below fair value, at 1156 while


futures were down by 1 point, or 5 points below fair value.

Stocks rallied Tuesday, pushing to their highest levels since May on strong data from the services sector and bolstered expectations for additional quantitative easing from the

Federal Reserve


Overseas, Hong Kong's Hang Seng gained 1.1% while Japan's Nikkei jumped 1.8%. The FTSE in London was rising 0.7% and the DAX in Frankfurt was ahead by 0.8%.

The private sector unexpectedly shed 39,000 payrolls in September, after adding 10,000 in August, according to Automatic Data Processing's employment report. The drop disappointed analysts who had been looking for an increase of 18,000 payrolls.

At 10:30 a.m. EDT, the Energy Information Administration will release its weekly report on energy inventories. According to a Platts poll, analysts are anticipating a 1.3-million barrel decline to crude oil supplies in the week ended Oct. 1. Gasoline stockpiles are slated to add 700,000 barrels, while distillates are expected to shed 900,000 barrels.

Late Tuesday, the American Petroleum Institute reported a 4.44 million-barrel buildup in crude oil inventories.

Johnson & Johnson

(JNJ) - Get Report

announced that Dutch biotech company



agreed to be acquired for roughly $2.43 billion.


General Electric

(GE) - Get Report

said U.K. oil-field services company


rejected its offer of 750 pence a share, or 755 million pounds ($1.2 billion), according to a



Ahead of the EIA report, the November crude oil contract was shedding 24 cents to trade at $82.58 a barrel.

Elsewhere in commodity markets, the December gold contract was gaining $6.40 to $1,346.70 an ounce.

The dollar was trading lower against a basket of currencies, with the dollar index down by 0.04%, while the benchmark 10-year Treasury note strengthened 10/32, diluting the yield to 2.437%.

--Written by Melinda Peer in New York


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.