Futures Pointing To A Roughly Flat Open On Wall Street

(RTTNews) - After moving mostly higher over the course of the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 1 point.

Uncertainty about near-term outlook for the markets may contribute to choppy trading on Wall Street following the release of ADP's report on private sector employment.

While the report showed another notable increase in private sector employment in the month of November, the pace of job growth in the sector fell short of economist estimates.

ADP said private sector employment rose by 208,000 jobs in November, but economists had been expecting an increase of about 225,000 jobs.

Not long after the open, the Institute for Supply Management is scheduled to release a separate report on activity in the U.S. service sector in the month of November.

Economists expected the ISM's non-manufacturing index to inch up to 57.5 in November after slipping to 57.1 in October.

The Federal Reserve is also scheduled to release its Beige Book report later in the day. The report provides anecdotal evidence on economic conditions in the 12 Fed districts.