September 04, 2014- Stocks Edge Higher Ahead of Data

Trading in the U.S. index futures suggests that Wall Street stocks may open on a lackluster note, as traders anxiously await some first tier data on the job market and service sector. Asian stocks moved about in a lackadaisical manner before closing mostly lower, while the European markets are also trading mixed. Traders may focus on the domestic data on jobless claims, ADP's private payrolls report and a service sector reading based on a national survey, while also keeping an eye on the course of European Central Bank's monetary policy action. The Dow futures are advancing 9 points and the S&P 500 futures are up 2 points, while the Nasdaq 100 futures are moving down 0.75 points. U.S. stocks closed on a mixed note, reacting to conflicting reports that emerged on ceasefire between Ukraine and Russia.