US Stock Futures Turn Positive On Favorable ADP Data

US stock futures have moved to the positive territory today after the ADP data showed that the US private-sector employment increased in July. While futures on the Dow Jones Industrial Average climbed 32 points to 10,626, those on the S&P 500 gained 1.80 points to 1,120. Meanwhile, Nasdaq 100 futures gained 7 points to 1,900. The ADP data reflected that the US private-sector added 42,000 jobs in July, rekindling hopes of a stronger economic recovery. The survey results come just two days ahead of the government's closely watched nonfarm payrolls report, which is due Friday. Among U.S. companies in focus, shares of Time Warner Inc TWX has gained 2.3%, AOL AOL fell 1.8% and Allied Irish Banks PLC AIB shed 6% in pre-market trading. Read more from Benzinga's Markets.