US Stock Futures Flat; All Eyes On ADP Report

US stock futures traded mostly flat in early pre-market trade, ahead of economic data. The ADP national employment report for January will be released at 8:15 a.m. ET, while the ISM non-manufacturing index for January will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 3 points to 15,335.00, while the Standard & Poor's 500 index futures fell 1.50 points to 1,742.20. Futures for the Nasdaq 100 index slipped 3 points to 3,449.00.

European markets were mostly higher today, with the Spanish Ibex Index rising 0.30%, London's FTSE 100 index gaining 0.29% and STOXX Europe 600 Index climbing 0.26%. German DAX 30 index fell 0.10% and French CAC 40 Index rose 0.11%. Euro-zone composite PMI surged to 52.9 in January versus 52.1 in December, while UK's services PMI declined to 58.3 in January versus 58.8 in December. Asian markets ended mostly lower today. Japan's Nikkei Stock Average surged 1.23%, Hong Kong's Hang Seng Index dipped 0.60% and India's BSE Sensex gained 0.24%.

Analysts at Wunderlich downgraded Sirius XM Radio

from “buy” to “hold.” The price target for Sirius XM Radio has been lowered from $4.20 to $3.80. Sirius XM's shares closed at $3.52 yesterday.