NEW YORK (TheStreet) -- U.S. stock futures were mixed Wednesday after the Dow Jones Industrial Average celebrated another record high a day earlier.
S&P 500 futures slipped 0.04%, Dow futures were flat, and Nasdaq futures gained 0.03%.
U.S. productivity rose 2.3% during the third quarter, the Labor Department said Wednesday. That reading was slightly stronger than initially estimated though productivity remains historically weak.
The domestic private sector added 208,000 jobs in November, according to the ADP National Employment Report. Economists had hoped for private payrolls to increase 221,000. For October, private payrolls were upwardly revised to 233,000 from 230,000.
Asian markets were mixed with Hong Kong's Hang Seng closing lower. The Shanghai Composite extended Tuesday's gains to mark a three-year high on continued speculation the People's Bank of China could introduce fresh stimulus measures. The world's second-largest economy has been struggling with flagging industrial growth.
European markets were also mixed after recent data from the eurozone showed weakness in its composite purchasing manager's index. The reading, which looks at manufacturing and services, slipped to 51.1 in November, one point lower than October.
Crude oil was barely moving Wednesday morning after tanking nearly 3% on Tuesday. West Texas Intermediate crude has settled at $67 a barrel, around 36% lower than its mid-summer high. Crude prices have been squeezed after OPEC declined to constrain production last week despite global oversupply and slowing growth in the eurozone and China.
Abercrombie & Fitch (ANF) tumbled 4.8% after third-quarter comparable sales slid 8% and revenue crumbled by double-digits.
Toyota (TM) added 0.65% in premarket trading after announcing it is cutting 2,600 workers in Australia. The company has been exiting the region gradually to combat high production costs and stronger currency. The carmaker plans to stop Australian production by 2018.
Among the economic releases Wednesday, the ISM non-manufacturing index is due mid-morning. The Federal Reserve will release its Beige Book, an anecdotal catalogue of growth in 12 regions, at 2 p.m. EST.
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--Written by Keris Alison Lahiff in New York.