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*
Private payrolls processor ADP is expected to report that
private firms added fewer jobs in July than in June. The data is
expected at 8:15 a.m. ET (1215 GMT).
* U.S. stocks finished lower on Tuesday for a third straight
session as investors worried about a rise in interest rates and
Apple's <AAPL.O> shares hit their lowest in over six months.
* Atlanta Federal Reserve President Dennis Lockhart told the
Wall Street Journal that September may be the right time for the
U.S. Federal Reserve to lift interest rates.
* The dollar index <.DXY> rose to its highest in more than three
months against a basket of currencies and U.S. Treasury yields
rebounded from two-month lows, a day after Lockhart's comments.
* The Fed has said it needs to see a sustained economic recovery
before it raises interest rates for the first time in nearly a
decade.
* A batch of soft economic data had prompted some investors to
argue that the Fed might hold off on raising rates until
December.
* Data expected on Wednesday also includes U.S. trade deficit
numbers for June at 8:30 a.m. ET.
* Investors will also continue to assess earnings reports from a
numbers of companies. Tesla Motors <TSLA.O>, GoDaddy <GDDY.N>,
Fitbit <FIT.N> and CBS <CBS.N> are scheduled to report after the
close of market.
* Dow component Walt Disney's <DIS.N> shares fell 6.5 percent to
$113.80 in premarket trading after the media company lowered
profit guidance for its cable networks unit and reported
quarterly revenue slightly below expectations.
* Activision Blizzard jumped 7.5 percent to $27.60 after the
videogame maker's results beat expectations and it raised its
2015 forecast.
Futures snapshot at 6:45 a.m. ET:
* S&P 500 e-minis were up 9.75 points, or 0.47 percent, with
72,621 contracts traded.
* Nasdaq 100 e-minis were up 19.25 points, or 0.42 percent, on
volume of 14,446 contracts.
* Dow e-minis were up 42 points, or 0.24 percent, with 10,294
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)
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