the dow

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    Trading in the U.S. index futures suggest a bounce on Wall Street on Wednesday following the string of losses recorded in recent sessions. The sustenance of the positive mood largely depends on the ADP's private sector employment report to be released before the markets open. As of 6:30 am ET, the Dow futures are rising 44 points, the S&P 500 futures are gaining 6 points and the Nasdaq 100 futures are moving up 9 points. U.S. stocks suffered a steep sell-off on Tuesday, as economic and fiscal fears gripped the market. A government report released yesterday showed that consumer spending is slackening, while auto sales also remained soft in July. The ADP will release its private non-farm payroll employment report at 8:15 am ET. The consensus estimates call for an addition of 86,000 jobs by the sector in July.

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