CNN — Economic data may give investors something other than the fiscal cliff to talk about Wednesday, as they keep looking for any sign of progress in Washington.
U.S. stock futures were in positive territory ahead of the open. Stocks finished slightly in the red Tuesday as uncertainty over the ongoing political wrangling put investors on edge.
Payroll processor ADP will release its monthly report on private-sector jobs at 8:15 a.m. ET. Investors will be keeping tabs on the labor market ahead of the government's monthly jobs report due Friday.
Before the bell, the Bureau of Labor Statistics will release a revised estimate of third-quarter productivity, followed by the Census Bureau reporting data on factory orders for October.
No major corporate results are scheduled for Wednesday morning, but Nasdaq announced late Tuesday that Facebook will be joining its marquee Nasdaq-100 index next week.
Pandora shares plunged more than 16% in premarket trading after the Internet radio service issued a disappointing outlook for sales and earnings late Tuesday.
Shares of Nokia rose following an announcement that it has partnered with China Mobile to launch a new version of its Lumia smartphone for the Chinese market.
Overseas markets were boosted by comments on the economy from China's new leadership. The Communist Party's politburo said the economy was "stabilizing and positive elements are increasing," and it promised further reforms.
European markets posted solid gains in morning trading, while Asian markets had a banner day, with indices in Shanghai and Hong Kong adding more than 2%. Shares in Ping An were up after HSBC announced the sale of its stake in the Chinese insurer.