Updated from 6:58 a.m. EDT
Here are 10 things you should know for Wednesday, April 2:
1.-- U.S. stock futures were higher and European stocks posted modest gains Wednesday ahead of a U.S. private-payrolls report.
Asian shares finished the session with gains. Japan's Nikkei 225 rose 1% on hopes the Bank of Japan would launch additional monetary stimulus in the coming months.
2.-- The economic calendar in the U.S. on Wednesday includes the ADP Employment Change report for March at 8:15 a.m. EDT, and factory orders for February at 10 a.m.
3.-- U.S. stocks on Tuesday rose after stronger-than-expected manufacturing data suggested the economy is shaking off a slow start to the year amid harsh winter weather.
The Dow Jones Industrial Average added 0.41% to close at 16,524.32, while the S&P 500 rose 0.62% to 1,883.89. The Nasdaq jumped 1.5% to finish at 4,260.69.
4. -- Shares of General Motors (GM)fell 8 cents on Tuesday to $34.34 after CEO Mary Barra deflected tough questions from a congressional committee about faulty parts responsible for at least 13 deaths and the recall of 2.6 million cars.
Barra told lawmakers she was awaiting the results of an internal GM investigation. She didn't know why GM waited more than a decade to recall cars it knew had defective ignition switches. She didn't know who was responsible for the decisions that delayed the recall.
Barra goes before Congress again Wednesday to continue her testimony on the recalls and the defective ignition switches.
GM hired Kenneth Feinberg -- who handled the fund for the victims of 9/11, the Boston Marathon bombing and the BP oil spill -- to explore ways to compensate victims of accidents in the GM cars.
The stock was rising 0.5% in premarket trading to $34.52.