India, June 4 -- Following the upward move seen over the two previous sessions, 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 S&P 500 futures down by less than a tenth of a percent.
The futures had been pointing to a higher open on Wall Street but gave back ground following the release of a report from payroll processor ADP showing weaker than expected private sector job growth in the month of May.
ADP said private sector employment rose by 37,000 jobs in May after climbing by a downwardly revised 60,000 jobs in April.
Economists had expected private sector employment to jump by 115,000 jobs compared to the addition of 62,...