US futures mixed ahead of service sector report

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Associated Press

Posted on April 3, 2013 at 9:00 AM

Updated Wednesday, Apr 3 at 9:02 AM

NEW YORK (AP) — U.S. stock futures are mixed ahead of a report on the performance of the economy's service sector.

Dow Jones industrial futures slipped 3 points to 14,581. S&P 500 futures gained 0.40 points to 1,564.80. Nasdaq futures were up 2 points to 2,814.75.

Economists expect that U.S. service companies grew at a solid pace in March, reflecting resilience in consumer spending.

The Institute for Supply Management's index of service firms is expected to have held steady at 56, matching the February reading Any reading above 50 indicates expansion. ISM will release the report at 10 a.m. EDT.

Before the market opened, payroll processor ADP said its survey shows U.S. companies added fewer jobs in March compared with the previous month. The government's broader reading of March payroll figures is expected Friday.

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