US Stock Futures Up Ahead Of ADP Report

US stock futures are higher this morning, as investors are awaiting the ADP national employment report. Futures for the Dow Jones Industrial Average surged 16 points to 14,599.00 and S&P 500 index futures rose 2.90 points to 1,567.20. Nasdaq 100 futures gained 4.25 points to 2,816.75. US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.61% to 14,662.01, the S&P 500 index surging 0.52% to 1,570.25 and the Nasdaq 100 index gaining 0.48% to 3,254.86. The MBA purchase applications index will be released at 7:00 a.m. ET, while the ADP national employment report for March will be released at 8:15 a.m. ET. The ISM non-manufacturing index for March will be released at 10:00 a.m. ET, while the EIA report on petroleum inventories will be released at 10:30 a.m. ET. G-III Apparel Group GIII reported a 62% rise in its fiscal fourth-quarter profit. However, the company issued downbeat profit forecast for the year. Team TISI posted a Q3 adjusted loss of $0.01 per share, versus year-ago adjusted earnings of $0.10 per share. Acuity Brands AYI is expected to report its Q2 earnings at $0.62 per share on revenue of $468.51 million. Monsanto Company MON is projected to report its Q2 earnings at $2.58 per share on revenue of $5.29 billion. ConAgra Foods CAG is estimated to report its Q3 earnings at $0.56 per share on revenue of $3.87 billion. OMNOVA Solutions OMN is expected to report its Q1 earnings at $0.08 per share on revenue of $258.25 million. Conns CONN is projected to report its Q4 earnings at $0.56 per share on revenue of $246.91 million. Schnitzer Steel Industries SCHN is estimated to report its Q2 earnings at $0.24 per share on revenue of $683.44 million. European markets were lower today. The STOXX Europe 600 Index fell 0.11%, London's FTSE 100 Index dropped 0.43%, French CAC 40 Index declined 0.14% and German DAX 30 index fell 0.10%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 2.99%, China's Shanghai Composite tumbling 0.11% and Australia's S&P/ASX 200 dropping 0.58%. Hong Kong's Hang Seng fell 0.14% and India's Sensex dipped 1.26%.