US futures point to mixed open

Futures on major U.S. indices point to a mixed opening on Wednesday, after Dow and S&P finished at two year highs in the previous session.

Futures on the S&P 500 are up 0.0.06 percent, futures on the Dow Jones Industrial Average are up 0.13 percent and Nasdaq100 futures are down 0.06 percent.

U.S. stocks soared On Tuesday buoyed by upbeat manufacturing data. The Dow Jones Industrial Average rose 1.25 percent and finished above 12,000 points for the first time in over two years at 12,040.16. The S&P 500 climbed 1.67 percent and finished over 1,300 points for the first time since mid-2008.

Investors are likely to focus on ADP national employment report, a measure of the monthly change of nonfarm private employment, which is due at 8:15 am EDT. Economists are estimating private payrolls may rise by 150,000 in January after increasing 297,000 in December.

On the earnings front, companies including Time Warner, Visa, Whirlpool, Yum! Brands, Hershey Co, Tesoro Corp, News Corp, Dun & Bradstreet and Hartford Financial Services are due to report their quarterly earnings during the day.

The euro advanced 0.05 percent to 1.3837 against the dollar and the yen declined 0.09 percent against the greenback.

Crude oil futures advanced 0.22 percent to $90.97/barrel and gold futures declined 0.17 percent.

European stock markets are currently trading higher with FTSE 100 up by 48.97 points, DAX30 up by 3.74 points and CAC 40 up by 1.71 points.