(Reuters) – Futures tracking the Dow and the S&P 500 edged higher on Wednesday after Salesforce (NYSE:) posted robust quarterly results, while investors awaited private jobs and factory activity data for cues on the strength of the U.S. economy.

Salesforce stock shares surged 8.6% during premarket trading following the firm’s full-year adjusted profit outlook. Salesforce also said that the company does not anticipate any adverse economic effects from uncertain economic conditions.

ADP’s report is due to be available at 08:15 am. ET will show that U.S. Private Payrolls rose by 300,000. It is up from 247,000 in April. After market closes, construction spending data and ISM manufacturing purchasing manager’s index reading for May will be available.

This data is ahead of Friday’s nonfarm payrolls report, closely watched by many. It will give more information about how the market fares in a labour crunch and rising cost.

For clues about the timing of tightening monetary policy, investors will be able to read comments made by James Bullard, President St. Louis Federal Reserve, and John Williams, President New York Fed, who are due to speak later in today.

Christopher Waller, Fed Governor, made hawkish remarks. Higher oil prices and a lower risk appetite caused Wall Street to close down on Tuesday. This was after a rally the week before.

Stock markets are down by 13.3% annually due to uncertainty over the U.S. central banking’s policy decision, the conflict in Ukraine, long supply chains snarls from COVID-19 China lockdowns, and higher Treasury yields.

6.33 a.m. ET was up 100 points or 0.3%. They were up 2.5 points or 0.06%. The were down 14.75 point, or 0.12%.

Warner Bros Discovery (NASDAQ) plunged 1.9% following Britain’s competition watchdog declaring that it was investigating the deal between BT Group (LON) and its sports broadcasting division with the media streaming company.